The Center for Fiduciary Studies offers the designations of AIF and AIFA, learn how they can help you and your clients enjoy a comfortable retirement.  ( 21 min )

Tech stocks Cisco Systems, Intel and IBM moved higher, but Nike dragged the Dow lower on shoe sale worries.  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Catalent shares jumped after the contract drug maker said customer supplies are strong and it's getting "significant" new business.  ( 16 min )

U.S. equities declined on Friday, May 19, 2023 as GOP negotiators called for a pause in talks to raise the federal debt ceiling.  ( 16 min )

Foot Locker reported first quarter earnings and revenue that came short of analyst estimates and lowered its guidance.  ( 16 min )

Long positions in a stock portfolio refer to stocks that have been bought and are owned, whereas short positions are those that are owed, but not owned.  ( 25 min )

A down payment is your first upfront expense when buying a home.  ( 25 min )

Short covering is a strategy where somebody who has sold an asset short buys it back to close the position.  ( 26 min )

The traditional "60/40" investment strategy is making a comeback, with the portfolio of 60% stocks and 40% bonds seeing a 28% jump so far this year, the best return since 1995.  ( 16 min )

Mortgage pre-approval is an examination of a home buyer's finances and lenders require five items to ensure borrowers will repay their loan.  ( 27 min )

Financial advisors can stay abreast of financial trends and serve clients with these 10 state-of-the-art technological tools.  ( 23 min )

Regulation Best Interest (BI) is an SEC rule that requires broker-dealers to recommend only products that are in their customers' best interests.  ( 24 min )

Mortgage rates were up almost across all terms again, with 30-year rates rising to their highest level in more than two months, and 30-year mortgage refinance rates seeing a surge.  ( 19 min )

Officials at the Federal Reserve are divided on whether to pause the central bank’s aggressive campaign of interest rate hikes, speeches this week showed.  ( 18 min )

With rising interest rate,s a CD can be a good place to stash funds. Compare CD rates and terms from Santander Bank and find the best CD account for your savings goals.  ( 18 min )

A certificate of deposit is a good way to save money, especially when interest rates are high or rising. Learn about Third Federal Savings & Loan’s CD rates, term lengths, and more.  ( 18 min )

A debit card lets you pay for purchases by deducting money from your checking account. Learn how debit cards work, about their fees, and pros and cons.  ( 28 min )

The pandemic gave a big boost to Americans’ bank accounts, and a lot of that money still hasn’t been spent despite the cost of living soaring in recent years.  ( 16 min )

Covered interest rate parity refers to a theoretical condition in which the relationship between interest rates and the spot and forward currency values of two countries are in equilibrium.  ( 19 min )

Nominal value of a security, often referred to as face or par value, is its redemption price and is normally stated on the front of that security.  ( 22 min )

Commodity ETFs enable investors to gain exposure to individual commodities or baskets of commodities in a relatively low-risk and cost-effective way.  ( 24 min )

One of the world's richest people, Sam Zell made his fortune by investing in undervalued real estate and packaging properties in REITs.  ( 22 min )

President Biden said he was confident that negotiators would reach a deal on the debt ceiling and Fed Chair Jerome Powell is set to speak on monetary policy. Here’s what investors need to know today.  ( 18 min )

MGM Resorts International, Marriott International, and H World Group are the top hotel stocks for best value, fastest growth, and most momentum, respectively.  ( 24 min )

Learn about the general job duties and average salary of a financial planner, as well as the education, training, and skills necessary for success.  ( 21 min )

If AI is going to change the world, investors will have lots of ways to play the theme. Here are ideas that go beyond Nvidia, Microsoft, and Alphabet.  ( 23 min )

Tesla is offering discounts of more than $1,300 on some Model 3 cars in its U.S. inventory following even heavier discounts in Europe, according to a Reuters' review of its website, at a time when the electric carmaker has raised U.S. prices on most newly ordered cars this month. Tesla, which this year has aggressively cut vehicle prices in several regions, is resorting to the traditional automakers' tactic of offering incentives to clear inventory at a time when it faces economic headwinds and rising competition, industry analysts say. Tesla CEO Elon Musk told shareholders on Tuesday the company will try advertising for the first time, in a move seen by analysts to drum up demand.  ( 38 min )

Small-caps may be poised for another lackluster year, but according to Luke Barrs, asset manager and global head of client portfolio management for the investment bank Goldman Sachs, there are compelling factors that make them an attractive investment choice. Acknowledging the risks and poor sentiment that characterize the current market, Barrs goes on to say, “There are many parts of the small-cap space that are being penalized due to the macro concerns of the past couple of years.” He further  ( 42 min )

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A short seller accused the billionaire of covering up his losses by bribing shareholders with a dividend. Now he admits his 'mistake': 'Don't fight the fed'  ( 40 min )

The controversy over Bud Light’s transgender promotion obscures Anheuser-Busch InBev’s push to boost global sales and revenue growth  ( 22 min )

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Shares of U.S. regional lenders fell on Friday after CNN reported that U.S. Treasury Secretary Janet Yellen told bank chief executives that more mergers may be necessary following a series of bank failures. Yellen also reaffirmed the strength and soundness of the country's banking system at the meeting with bank CEOs on Thursday in the aftermath of the collapse of Silicon Valley Bank, Signature Bank, and First Republic Bank. The KBW Regional Banking Index fell 3%, with shares of PacWest Bancorp and Western Alliance among the biggest losers as they shed 4% each.  ( 39 min )

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Treasury Secretary Janet Yellen told bank chief executives that more bank mergers may be necessary, according to a report from CNN.  ( 23 min )

GE announced that CFO Carolina Dybeck Happe will leave and Rahul Ghai will take over. Given what's coming, it makes a lot of sense.  ( 22 min )

Hiring for the office set is slowing down and employers are getting picky again  ( 28 min )

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Joe Biden cut short a dinner with Rishi Sunak and other world leaders on Friday as crunch talks over raising America's debt ceiling continued.  ( 38 min )

(Bloomberg) -- Federal Reserve Chair Jerome Powell gave a clear signal he is inclined to pausing interest-rate increases next month and said that tighter credit conditions could mean the policy peak will be lower.Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealMorgan Stanley CEO Gorman to Step Down Within 12 MonthsNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedUkraine Leader Zelenskiy to Visit  ( 38 min )

Disney shares are under pressure after one Wall Street analyst said uncertainties like declining linear networks, direct-to-consumer hurdles, and a slowing parks business are clouding the media giant's future.  ( 40 min )

Stocks were dropping sharply Friday amid disappointing news about debt ceiling discussions. The Dow Jones Industrial Average shed 134 points, or 0.4%, the S&P 500 lost 0.3%, and the Nasdaq Composite fell 0.4%. Negotiators broke off talks on the debt ceiling Friday morning, The Wall Street Journal  ( 26 min )

Stocks gave back earlier gains during remarks by Federal Reserve Chairman Jerome Powell at the Thomas Laubach Research Conference in Washington D.C. that underlined the  ( 24 min )

Catalent reduces fiscal 2023 revenue guidance but says its customer supply situation remains 'healthy' and that it continues to 'win significant new business.'  ( 22 min )

Prominent activist investor Carl Icahn has acknowledged his error in placing a substantial bet on a market crash, ultimately resulting in his group suffering losses of nearly $9 billion over six years. The net asset value of Icahn Enterprises LP (NASDAQ: IEP) decreased from $7.9 billion in 2017 to $5.6 billion this month, posing a potential issue for Icahn, as he traditionally opted for an annual dividend of $8 per share in stock rather than cash. Consequently, the number of outstanding shares m  ( 39 min )

My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to go into … Continue reading → The post Ask an Advisor: Can a Nursing Home ‘Take Our IRA?' My Wife and I Are Elderly. We Have a $100K IRA and a Trust to Protect Our Assets. appeared first on SmartAsset Blog.  ( 40 min )

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Stock futures rose on Friday morning, extending a week of gains.  ( 39 min )

The fashion retailer's sales of $556.4 million exceeded expectations of $513.2 million and grew 8.1% from a year earlier.  ( 22 min )

Chinese EV maker NIO Inc (NYSE: NIO) has invested in a startup firm developing fusion technologies. It endorses battery swapping as a quicker solution for powering up EVs and an energy storage facility to improve grid stability. In two decades, the newly established company, Neo Fusion, will research and develop technologies to commercialize controlled fusion globally, Reuters cites familiar sources. Neo Fusion is 50% controlled by China's eastern province of Anhui government-owned energy compan  ( 39 min )

Every investor seeks to reap the rewards of their stocks; otherwise, they wouldn’t be involved in the markets. However, discovering the ideal investment, one that will yield profits, can prove to be a challenge, particularly in today’s market environment. To ensure solid returns, investors can follow two straightforward strategies. The first is to buy low and sell high. That is, find a cheap stock with sound fundamentals and good prospects for growth – and buy in to take advantage of the growth  ( 42 min )

Fixed-income securities play an important role within individual investment portfolios and the economy at large. But like other securities, fixed-income instruments come in a myriad of variations, from short-term Treasury bills that only pay interest when the bill matures, to … Continue reading → The post Treasury Bills vs. Bonds: What's the Difference? appeared first on SmartAsset Blog.  ( 40 min )

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Foot Locker also posts fiscal first-quarter earnings and sales that missed analysts' expectations.  ( 22 min )

Carolina Dybeck Happe will step down as finance chief, and Rahul Ghai will become the CFO, effective Sept. 1.  ( 40 min )

Deere's fiscal second-quarter earnings and sales beat Wall Street estimates, while Foot Locker slashes its fiscal-year outlook, sending the stock sharply lower.  ( 23 min )

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Friday morning, Deere reported earnings per share of $9.65 from about $16 billion in equipment sales. Wall Street was looking for earnings per share of $8.58 on equipment sales of $14.9 billion, according to FactSet.  ( 22 min )

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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 23 min )

Wall Street, small businesses and potential homebuyers may all breath a sigh of relief if the Federal Reserve chooses not to raise interest rates at its policy meeting next month, as many traders and analysts expect. But U.S. central bank officials are not only still on the fence about a pause in their 14-month tightening cycle, they are only starting to hash out whether to frame that decision as an extended halt to the aggressive run of rate hikes or a mere "skip" to give the economy some breathing room, with more borrowing cost increases coming soon if inflation does not decline. Between the possibility the Fed may deliver a rate hike at its June 13-14 meeting and the uncertainty around how policymakers might describe a decision not to, there's no guarantee of clarity soon from a central bank whose officials are beginning to diverge over what should happen next.  ( 39 min )

Markets are looking for an abrupt reversal in the Fed's rate hikes later this year. Strategists at Bank of America think no matter what happens, investors will find themselves flat-footed.  ( 40 min )

The Fed says it won't cut interest rates this year even if there's a recession because it wants to stamp out inflation. Markets aren't buying it.  ( 42 min )

While President Joe Biden, House Speaker Kevin McCarthy, and other politicians in Washington strive to reach a deal to raise the US federal government’s $31.4 trillion debt ceiling, the US Treasury’s cash balance fell to $87 billion on Monday (May 15), the lowest it’s been since April 12.  ( 38 min )

(Bloomberg) -- Bank of America Corp. strategist Michael Hartnett reiterated his call to sell US stocks, saying tech and artificial intelligence are forming a bubble and the Federal Reserve’s rate hikes may not be over, with rising bond yields posing a risk.Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsNYC Skyscrapers Sit Vacant, Expos  ( 39 min )

Alibaba’s shares fell after revenue missed forecasts; Tencent and Baidu saw more marked upturn.  ( 27 min )

Our energy roundtable predicts higher crude prices as global demand grows faster than supply. What’s ahead for U.S. shale, the majors, and the energy transition.  ( 23 min )

A potential deal to lift the U.S. debt ceiling could spur money managers to pare holdings in the massive technology and growth stocks that have been havens this year and shift into the rest of the market, some investors believe. Strong balance sheets and predictable cash flows have made megacap stocks such as Google parent Alphabet, Microsoft Corp and Amazon.com attractive places to hide over the last few months as investors worried about everything from the debt ceiling to a U.S. banking mess. Should a deal on the debt ceiling be reached, "the pattern that we've seen over the last few months will reverse," said Michael O'Rourke, chief market strategist at Jones Trading, who is more bullish on equal-weighted S&P 500 exchange-traded funds than the market-cap weighted index.  ( 40 min )

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Gold prices were on course for their biggest weekly drop in 3-1/2 months on Friday as hopes for a resolution in the U.S. debt ceiling negotiations and fading expectations of a rate cut by year-end took some shine off bullion. Spot gold was flat at $1,958.29 per ounce by 0231 GMT, and was set for a 2.6% weekly drop - its biggest since early February. Markets see a positive end to the debt ceiling talks as recent commentary has been about the progress being made, and given yields and the dollar are all going up at the same time, gold is pulling back, Ilya Spivak, head of global macro at Tastylive said.  ( 39 min )

The top 10 positions held in Berkshire Hathaway's portfolio make up a massive 90.2% of its $325 billion US stock portfolio.  ( 40 min )

Voor het eerst is een Nederlander op de Amerikaanse sanctielijst voor Rusland gezet, meldt Follow the Money. Het gaat om Edwin Onno van Ingen. Volgens Washington werkt hij via zijn bedrijf Ronin Management B.V. samen met Russische laboratoria die gericht zijn op het ontwikkelen van kernwapens.  ( 4 min )

Voorzitter John Allan van de Britse supermarktketen Tesco stapt op na beschuldigingen van seksueel grensoverschrijdend gedrag. Hij treedt volgende maand af tijdens de jaarlijkse aandeelhoudersvergadering.  ( 2 min )

Populaire Europese vakantielanden als Griekenland, Italië, Spanje en Portugal zien een enorme toestroom van toeristen dit jaar. Griekenland en Portugal breken zelfs records. Dat is gunstig voor de Zuid-Europese economieën, die sterk afhankelijk zijn van het toerisme.  ( 4 min )

Het Duitse autobedrijf Volkswagen heeft zijn fabriek in Rusland verkocht aan een lokale investeerder. Volkswagen had eerder al de productie in het land en de export naar Rusland stopgezet vanwege de oorlog in Oekraïne.  ( 3 min )

Populaire Europese vakantielanden als Griekenland, Italië, Spanje en Portugal zien een enorme toestroom van toeristen dit jaar. Griekenland en Portugal breken zelfs records. Dat is gunstig voor de Zuid-Europese economieën, die sterk afhankelijk zijn van het toerisme.  ( 4 min )

De Europese Centrale Bank (ECB) gaat er alles aan doen om de inflatie in de eurozone terug te brengen tot 2 procent. Dat heeft ECB-president Christine Lagarde vrijdag gezegd.  ( 3 min )

De gasprijs zakt verder en verder. Die daling kan gunstig uitpakken voor onze energierekening.  ( 3 min )

Binnenvaartschepen mogen vanaf volgend jaar niet meer varend ontgassen in zes verschillende landen, waaronder Nederland. De giftige dampen die bij ontgassen vrijkomen zijn schadelijk voor mens en milieu. Het verbod komt er na aandringen van de binnenvaart, provincies en de Tweede Kamer.  ( 4 min )

Walt Disney gaat toch niet voor honderden miljoenen investeren in Florida. Het bedrijf wilde een campus bouwen voor tweeduizend werknemers, die naar de Amerikaanse staat zouden verhuizen. Maar een conflict met gouverneur Ron DeSantis gooit roet in het eten.  ( 4 min )

Vijf miljoen abonnees van Netflix maken gebruik van het abonnement mét reclame. Met dat goedkopere abonnement wil de streamingdienst voorkomen dat het aantal abonnees daalt.  ( 3 min )

Europa gaat het invoeren van Russische diamanten beperken. Rusland kan met de diamanten de oorlog in Oekraïne financieren. Eerdere pogingen om de diamanten te weren, stuitten op weerstand van België. Nu gaat de EU toch stappen nemen, zegt Charles Michel, voorzitter van de Europese Raad.  ( 4 min )

Walt Disney gaat toch niet voor honderden miljoenen investeren in Florida. Het bedrijf wilde een campus bouwen voor tweeduizend werknemers, die naar de Amerikaanse staat zouden verhuizen. Maar een conflict met gouverneur Ron DeSantis gooit roet in het eten.  ( 4 min )

De op kunstmatige intelligentie gebaseerde chatbot ChatGPT is in de Verenigde Staten uitgebracht als app voor de iPhone. Later volgt een versie voor Android-toestellen en wordt de app in andere landen uitgebracht.  ( 3 min )

Hemelvaartsdag valt traditiegetrouw op een donderdag. Vaak moeten werknemers de dag na Hemelvaart verplicht vrij nemen, omdat het bedrijf die dag de deuren gesloten houdt. Veel mensen zijn blij met zo'n lang weekend, maar wat als je juist wel naar kantoor wilt?  ( 4 min )

The traditional "60/40" investment strategy is making a comeback, with the portfolio of 60% stocks and 40% bonds seeing a 28% jump so far this year, the best return since 1995.  ( 1 min )

President Biden said he was confident that negotiators would reach a deal on the debt ceiling and Fed Chair Jerome Powell is set to speak on monetary policy. Here’s what investors need to know today.  ( 1 min )

Berkshire Hathaway bought about $200 million of Occidental stock in recent days, bringing its stake to $12.7 billion  ( 22 min )

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The telecommunications company is broadening its network of fiber-optic cables amid a slowdown in mobile growth.  ( 26 min )

Shares in chip design software company Synopsys shares ended up 8.7% after it forecast better-than-expected third-quarter profit estimates, saying increased use of AI and automation boosted its business. Nvidia shares were up 5.0%, while the Philadelphia semiconductor index gained 3.2%. Micron's shares climbed 4.1% after announcing it would invest up to 500 billion yen ($3.70 billion) in extreme ultraviolet (EUV) technology in Japan in the next few years with Japanese government support.  ( 39 min )

These are the stocks moving in after-hours trade on May 18, 2023.  ( 40 min )

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Workers must "actively fight back" against efforts by companies to force them back to the office after the pandemic ushered in an era of home working, a Microsoft executive has said.  ( 39 min )

Vintage sci-fi series The Twilight Zone told unsettling stories in which ordinary folks found themselves in outré situations and encountering exceptional circumstances. For Larry Adam, chief investment officer at Raymond James, given the “rapidly changing twists and turns we’ve seen in the global economy and the financial markets over the last few years,” it sometimes feels as if we have stepped into a modern-day iteration of the Twilight Zone. However, for those spooked by what does seem like a  ( 43 min )

(Bloomberg) -- Applied Materials Inc., the biggest maker of semiconductor-making machinery, expects sales to decline in the current quarter, though not as sharply as analysts had feared.Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsWall Street Fears $1 Trillion Aftershock From Debt DealHere’s How Much Wealth You Need to Join the Richest 1% GloballySam Zell, Billionaire Real Estate Investor, Dies at 81Supreme Court Leaves Intact Social Media Liab  ( 39 min )

The alleged drunk driver who police say slammed into newlyweds riding along a South Carolina beach road now faces a wrongful death lawsuit alongside several establishments accused of overserving her on the night of the crash, which killed the bride. Four bars gave “copious amounts of alcohol” to a “visibly intoxicated” woman, identified as Jamie Lee Komoroski, last month before she drove 40 miles over the speed limit into a golf cart carrying the couple away from their wedding reception, according to a new lawsuit filed May 17. The April 28 wreck killed Samantha Miller, 34, and injured the groom, Aric Hutchinson, and two other passengers.  ( 39 min )

Revenue came in at $6.63 billion for the quarter, above analysts’ expectations of $6.39 billion.  ( 22 min )

The move comes as the entertainment company is cutting costs, reversing moves by its previous CEO and fighting with Florida.  ( 28 min )

The new corporate strategy aims to deliver a “pivot to growth," the drugmaker said.  ( 23 min )

(Bloomberg) -- US banks have been locked in a grueling battle for deposits they once took for granted. And one of the toughest combatants in the fight is the federal government.Most Read from BloombergDisney Drops Plan to Move Workers to Florida, Closes HotelWall Street Fears $1 Trillion Aftershock From Debt DealSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsNYC Skyscrapers Sit Vacant, Exposing Risk City Never PredictedHere’s How Much Wealth You Need to Join the Richest  ( 39 min )

Senator Elizabeth Warren confronted regulators about a deal that made the nation's largest bank even bigger.  ( 41 min )

Add up the market valuation of Apple Inc., all the cryptos in the world and entrepreneur Jeff Bezos’s fortune, and you get to over $3 trillion. But one 80-year-old man has created something bigger than all three of these combined. These days, he shuns the spotlight and lives on a modest farm in rural Pennsylvania. You would never guess the farm’s owner set in motion a $5 trillion force that grows each fortnight. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This  ( 40 min )

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Shares of Palantir jumped 13% on Thursday, on pace to close at a fresh 52-week high. The move comes after innovation investor Cathie Wood's Ark Investment Management disclosed a large purchase of Palantir on Wednesday. The firm said it bought more than 900,000 shares of Palantir for its flagship  ( 25 min )

Charlie Javice, who has been accused of defrauding JPMorgan Chase & Co through her now-shuttered college financial aid company Frank, has been indicted over her relationship with the bank. A four-count indictment made public on Thursday in Manhattan federal court charges Javice with securities fraud, wire fraud, bank fraud and conspiracy.  ( 38 min )

This year did not start off great for many tech workers. After tens of thousands of layoffs in 2022, tech companies continued to shed workers in round after round of layoffs. Technology companies from Microsoft Corp. to Meta Platforms Inc. announced thousands of layoffs at the beginning of the year. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families A report from placement services firm Challenger, Gray & Christmas  ( 41 min )

Nvidia (ticker: NVDA) stock was rising following two price target lifts from analysts who are upbeat about the development of artificial intelligence tools and the subsequent  ( 25 min )

Palantir Technologies Inc (NYSE: PLTR) shares are shooting upwards Thursday after Cathie Wood's Ark Invest on Wednesday added 1.26 million shares to its kitty valued at $13 million. Thursday's session volume spiked to 84.4 million versus the 100-day average volume of 39.5 million. The data intelligence software firm posted upbeat quarterly numbers on May 8, reporting first-quarter sales of $525.19 million, up by 17.7% year-on-year, which beat the consensus estimate of $505.60 million. Palantir's  ( 38 min )

Conservative commentators target the brewer for a spot hitting past depictions of women in beer marketing.  ( 26 min )

A disruption of benefits would strain the budgets of many of the 66 million Americans who get Social Security.  ( 28 min )

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Hyundai Motor and Kia Corp agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers' vehicles, lawyers for the owners and the automakers said on Thursday. In February, the Korean automakers said they would offer software upgrades to 8.3 million U.S. vehicles without anti-theft immobilizers to help curb increasing car thefts using a method popularized on TikTok and other social media channels. The settlement covers about 9 million U.S. owners and includes up to $145 million for out-of-pocket losses for consumers who had cars stolen, lawyers for the owners said.  ( 39 min )

People with health savings accounts (HSAs) got some good news this week when the IRS rolled out the largest contribution limit increases in history. In 2024, an individual with self-only coverage can save up to $4,150 in an HSA, while a … Continue reading → The post You May Be Eligible to Save Over $10K in Your HSA After Largest-Ever Contribution Limit Increase appeared first on SmartAsset Blog.  ( 40 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

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(Bloomberg) -- Looming behind market fears over the prospect of a historic US default is the less-discussed risk of what would follow a deal to resolve the debt-ceiling impasse.Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsHere’s How Much Wealth You Need to Join the Richest 1% GloballyWall Street Fears $1 Trillion Aftershock From Debt DealMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsSam Zell, Billionaire Real Estate Investor, Die  ( 41 min )

There's nothing cheap about developing, manufacturing, delivering and investing in the future of electric vehicles (EVs). Ford Motor Co. is finding this out the hard way — just the same as many other automakers — with the company's EV unit projected to lose about $3 billion in 2023. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Is It A Big Deal? A lot can be said for Ford's honesty with the public, its investo  ( 40 min )

Known as 'the Grave Dancer,' Zell was an unlikely media baron when he purchased the Tribune Co.  ( 45 min )

AT&T Inc (NYSE: T) is expanding its fiber-optic cable network to deliver fast internet speeds for customers, including those without broadband presence. AT&T has tapped BlackRock, Inc (NYSE: BLK) and eyes government funding to accelerate the build-out to fund the extravagant expansion worth $42.5 billion as its debt load outstrips its annual revenue, the Wall Street Journal reports. AT&T and BlackRock have collectively invested $1.5 billion in the Gigapower venture so far. AT&T will serve as the  ( 39 min )

Billionaire real estate investor Sam Zell has died at the age of 81, his real estate investment trust Equity Residential said in a statement on Thursday.  ( 38 min )

A lack of resources means battery electric vehicles (BEV) cannot be the auto sector's only answer to climate change, Toyota Motor Corp's top scientist said Thursday, warning that focusing on BEVs could lead some drivers to hold onto polluting vehicles. Some investors and environmental groups have long criticised Toyota for being slow to embrace BEVs, saying it has lagged Tesla Inc and others amid growing global demand. The world's top automaker by sales has countered that BEVs are just one option and that gasoline-electric hybrids, such as its pioneering Prius, are a more realistic choice for some markets and drivers.  ( 39 min )

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Nobody likes to begin Monday morning hearing bad news, but that’s what happened this week to investors when Wolfe Research analyst Andrew Rosivach downgraded four real estate investment trusts (REITs) to kick off the new market week. Analysts carry a lot of weight, and when one or more downgrades a stock, it can cause shares to drop by several percentage points in just a few days. For example, on March 23, Barclays Investment Bank analyst Anthony Powell downgraded SL Green Realty Corp. (NYSE: SL  ( 41 min )

It’s often said that a company’s prospects can be predicted by stock purchases made by company insiders. Insiders may sell stock for any number of reasons, but purchases are only made because the insider expects to make a profit on shares down the road. Studies have shown that when the company insider is high up in the organization, such as the CEO or chief financial officer, a purchase of company stock is even more significant for future price performance than when a purchase is made by a direc  ( 40 min )

Renewed hopes that big spinoffs will soon unlock substantial value for shareholders will probably provide a lift to the company’s stock in the near term.  ( 25 min )

Stock futures rose on Thursday as America's largest retailer surprised to the upside with its quarterly earnings report.  ( 39 min )

The chip maker is at the center of the AI feeding frenzy, which is making Wall Street bullish ahead of its earnings.  ( 22 min )

Step, the digital banking service geared toward teens and young adults, is now offering a 5% rate on its savings accounts. There are no monthly fees and no minimum balance requirements on the Step accounts, and customers who open an FDIC-insured savings account with up to $250,000. “The direct deposit is to encourage people to utilize the full suite of Step products,” CJ MacDonald, co-founder and CEO of Step, told TechCrunch.  ( 38 min )

The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed's policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes beginning in March 2022. Many Fed watchers have expected the central bank's officials to forgo another increase in their benchmark rate when they next meet in mid-June. On Thursday, Lorie Logan, president of the Federal Reserve Bank of Dallas, said she believes that the economic data so far doesn't support a pause in the central bank's rate hikes next month.  ( 40 min )

Netflix's ad-supported tier is beginning to show some signs of life.  ( 40 min )

(Bloomberg) -- Alibaba Group Holding Ltd. will begin exploring initial public offerings for its logistics and grocery arms, kicking off a long-awaited breakup that may help reverse anemic growth at China’s cloud and online commerce leader.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballySingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsThe $120 Million Ghost Ship Antigua Is D  ( 41 min )

Some people are destined to always be known for one significant act, and whenever the name Michael Burry comes up, it’s obligatory to mention the Big Short, the book, and subsequent movie that detailed Burry’s exploits during the 2008 financial crisis. Betting against the housing market, Burry foresaw its collapse and pocketed huge profits. With the global economy once again appearing fragile, in recent times, Burry, who runs hedge fund Scion Asset Management, has periodically waded with forecas  ( 42 min )

EyePoint Pharmaceuticals Inc (NASDAQ: EYPT) has agreed to sell Yutiq (fluocinolone acetonide intravitreal implant) 0.18mg to Alimera Sciences Inc (NASDAQ: ALIM). Yutiq is a treatment for chronic non-infectious uveitis affecting the posterior segment of the eye. The FDA approved the treatment in October 2018. What Happened: Alimera will receive global rights to Yutiq outside of China, Hong Kong, Taiwan, Macau, and Southeast Asia, where Yutiq is exclusively licensed to Ocumension Therapeutics, and  ( 39 min )

It is possible to retire comfortably at 45 if you have $1.5 million. However, it's not guaranteed to work. And whether it will for you depends on a number of variables, only some of which you can control. Having to … Continue reading → The post Can I Retire Comfortably With $1.5 Million at 45? appeared first on SmartAsset Blog.  ( 40 min )

"I recognize that I’m extremely privileged, but I still feel mounting pressure when it comes to our finances," says Kelly, 29.  ( 47 min )

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Shares of the financial broker have dropped 35% over the past three months.  ( 22 min )

The euro continues to drift lower on Thursday, as the US dollar is getting a bit of a reprieve. Whether or not this is a simple pullback or a change of direction remains to be seen.  ( 39 min )

Bond pros say fixed income is poised to outperform equities this year.  ( 22 min )

Rahul Ghai will become the CFO of GE, effective Sept. 1, while retaining his role as the finance chief of GE Aerospace, the company said in a statement. A former A.P. Moller-Maersk executive, Dybeck Happe took over as GE's CFO in early 2020.  ( 38 min )

Walmart reported sales that beat expectations and raised its full year forecast in its quarterly report Thursday morning.  ( 40 min )

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Chinese e-commerce giant Alibaba said it will soon start carving out its units via IPOs, pushing forward with a plan to unlock the value of its businesses. Alibaba in March said it plans to [split itself into six independently run companies](https://www.wsj.com/articles/alibaba-to-split-into-six-se  ( 20 min )

The retail giant reports adjusted fiscal first-quarter earnings of $1.47 a share on revenue of $152.3 billion.  ( 22 min )

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Sales from stores and digital channels operating for at least 12 months grew 7.4% in the quarter ended April 28.  ( 25 min )

China's Alibaba Group Holding Ltd said on Thursday that fourth-quarter revenue climbed 2%, missing expectations. Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies late last year, but still remains relatively muted amid a wobbly economic recovery. Earlier this year, Alibaba announced plans to restructure into six units, a move that follows a two-year regulatory crackdown on China's tech sector.  ( 38 min )

China's Alibaba Group Holding Ltd said on Thursday that fourth-quarter revenue climbed 2%, missing expectations. The 208.20 billion yuan ($30.12 billion) logged for the three months ended in March compares with a Refinitiv consensus estimate of 210.3 billion yuan drawn from 26 analysts. Chinese consumer spending has gained some momentum since the country abandoned draconian zero-COVID policies last year, but even so remains relatively muted amid a wobbly economic recovery.  ( 38 min )

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↗️ PacWest (PACW) and Western Alliance (WAL): The regional banks jumped almost 7% and 5% respectively in early trading. That built on big rallies Wednesd  ( 18 min )

Brokerage firm Charles Schwab Corp said on Thursday it was looking to raise up to $2.5 billion through a debt offering. The company will raise $1.2 billion through notes due 2029 and the rest via notes due 2034, it said. BofA Securities, Citigroup, Credit Suisse, Goldman Sachs & Co LLC, J.P. Morgan and Wells Fargo Securities are the joint book-running managers for the offering.  ( 38 min )

(Bloomberg) -- Micron Technology Inc. is poised to land about ¥200 billion ($1.5 billion) in financial incentives from the Japanese government to help it make next-generation memory chips in the country, according to people familiar with the matter, the latest step in Tokyo’s effort to bolster domestic semiconductor production.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsThe $120 Million Ghost  ( 41 min )

Slack water. The brief moment when the tide is neither ebbing nor flowing and there’s an eerie calm. That’s how the bond market feels at the moment. A change of direction is imminent but we’re not quite there yet. It feels like an opportunity.  ( 40 min )

Walmart and Alibaba are scheduled to report quarterly earnings on Thursday, shares of Cisco tumble after orders fall at the networking giant, and Take-Two Interactive signals that a strong pipeline of videogame titles will drive growth.  ( 23 min )

Bond pros say fixed income is poised to outperform equities this year.  ( 22 min )

As Japan's stock market roars to multi-decade highs, large investors with long memories say they are staying out, wary of sagging momentum and the prospect the central bank will unwind its massive monetary stimulus. Riding a wave of buybacks and strong corporate earnings, and pumped up by a weak yen, the broad Topix index scaled peaks not seen since 1990 this week and the benchmark Nikkei, up more than 3% in four days, is near similar heights. Yet for many, the lofty milestones are a reminder that Japan's stocks have gone sideways for years, making many foreign asset allocators reluctant to venture into the market.  ( 40 min )

Here is your Pro Recap of the biggest analyst cut you may have missed since yesterday: downgrades for Nu, Futu, Magellan Midstream, and Intercept Pharmaceuticals. Citi downgraded digital banking platform Nu (NYSE:NU) to Neutral from Buy and cut its price target to $6.10 from $7.00, as reported in real time on InvestingPro. Futu (NASDAQ:FUTU) shares fell around 2% pre-market today after the company received downgrades from JPMorgan and Morgan Stanley following the announcement that the company is removing its app from China’s onshore app stores.  ( 39 min )

U.S. inflation is cooling and the Federal Reserve may pause its interest rate hikes next month. One is that a range of worries - about the U.S. debt ceiling negotiations, the health of banks, and the global economy's outlook - are burnishing the dollar's safe-haven credentials. Meanwhile, there are some signs that the Fed may have to raise rates again, and that more technical factors to do with investor positioning are involved.  ( 40 min )

The U.S. chip maker’s deal with Tokyo comes at a time of rising tension between Washington and Beijing over chip technology.  ( 25 min )

Icahn, who's also juggling an attack from a short seller and questions from prosecutors, is going after the CEO of the gene sequencing leader.  ( 23 min )

A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. An Associated Press analysis of a dozen countries most indebted to China — including Pakistan, Kenya, Zambia, Laos and Mongolia — found paying back that debt is consuming an ever-greater amount of the tax revenue needed to keep schools open, provide electricity and pay for food and fuel.  ( 56 min )

European shares look poised to rally after a wave of optimism that a U.S. debt ceiling deal could be reached as soon as the weekend, which lifted stocks on Wall Street and in Asia. Investors keyed in on an agreement between President Joe Biden and top congressional Republican Kevin McCarthy to negotiate a deal directly, with Biden cutting short an Asia trip to return to talks on Sunday. The air may be getting thin in some stock markets, particularly Japan's. The Nikkei came within 130 points of its highest since 1990 - back in the days of the "bubble economy" - after smashing through 30,000 a day earlier for the first time in 20 months.  ( 39 min )

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U.S. equities rose for a second straight day on May 18, 2023 amid optimism a deal may come soon to raise the government's debt ceiling.  ( 1 min )

President Biden arrives in Japan for the G7 meeting and Cisco shares fall after reporting a second quarterly decline in orders. Here’s what investors need to know today.  ( 1 min )

Learn about the balance of payments and how it helps countries to track how much money is coming in and going out.  ( 24 min )

Inflation and interest rates are linked, but the relationship isn’t always straightforward.  ( 27 min )

Financial accounting is the process of recording, summarizing, and reporting the myriad of a company’s transactions to provide an accurate picture of its financial position.  ( 32 min )

Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time.  ( 32 min )

B Corp certification is given to companies that meet certain standards for social and environmental performance by the nonprofit organization B Lab.  ( 22 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

Your investment portfolio should be diversified. Discover legitimate non-stock-market investment vehicles that may help you prosper.  ( 21 min )

If you are looking to invest outside of stocks and bonds, opening an alternative investing account is a critical first step. Learn what you need to open an alternative investing account and how to do it.  ( 24 min )

To help you determine whether private real estate investments are right for you, we’ve highlighted some of the key benefits of these unique assets.  ( 16 min )

With inflation on the rise, it's important to have the right investment strategy. Here’s why you should consider adding real estate to your portfolio.  ( 16 min )

Tech stocks Intel, Cisco, Salesforce help lead Dow higher, while P&G dives on a rating cut.  ( 16 min )

Investors are searching for ways to reduce the fluctuations in their portfolios and find ways to make their portfolios more resilient.  ( 16 min )

As homebuying continues to grow in popularity, opportunities for real estate investing are also increasing—and many rely on a few key trends.  ( 18 min )

U.S. equities rose for a second straight day on May 18, 2023 amid optimism a deal may come soon to raise the government's debt ceiling.  ( 16 min )

Home equity loans generally have higher interest rates but lower closing costs and fees than mortgages, so it pays to shop around.  ( 22 min )

The Conference Board's Leading Economic Index fell for the 13th consecutive month in April and pointed to a recession in 2023.  ( 16 min )

Walmart's quarterly results beat analysts' forecasts, and the big retailer raised its guidance.  ( 17 min )

Bitcoin is a peer-to-peer unofficial currency that operates without government or central bank oversight. Central banks are keeping a close eye on it.  ( 24 min )

Here’s everything you need to know about finding scholarships, including where to look, how to qualify, and when to begin your search.  ( 28 min )

Here are the top three things to keep in mind when considering investing in Fundrise's eREITs.  ( 22 min )

While President Joe Biden’s controversial plan for broad student loan forgiveness has grabbed headlines, the administration has more quietly forgiven $66 billion for 2.2 million borrowers in specific situations.  ( 18 min )

Without a proper plan and organization, making money in a business can be much harder than you think. Check out these nine tips to grow your business.  ( 27 min )

Find out why these enticing options can spell trouble for your bottom line.  ( 23 min )

Richard H. Anderson was CEO of Delta Air Lines during its merger with Northwest Airlines, and was most recently the CEO of Amtrak.  ( 22 min )

Aclaris Therapeutics, Collegium Pharmaceutical, and Intra-Cellular Therapies lead the industry in quarterly revenue growth  ( 21 min )

Sales were down 23.2% from a year earlier.  ( 17 min )

A secured credit card is a type of credit card that is backed by a cash deposit, which serves as collateral should you default on payments.  ( 27 min )

Take-Two Interactive (TTWO) is the best-performing stock in the S&P 500 as the video game publisher reported better-than-expected sales, and said it expects demand to soar in coming years.  ( 16 min )

Rates for most mortgage types were flat to minimally up, though the 30-year averages inched up just enough to return to 7% territory for the first time in a month.  ( 17 min )

Amazon.com Inc is expanding its operations in India, joining the list of tech companies betting big on one of the world's fastest-growing economies.  ( 17 min )

A traveler’s check is a once-popular—but now largely outmoded—exchange medium used in place of currency, often by people traveling abroad.  ( 23 min )

Despite the threat of pursuit by possibly the most feared organization in the U.S., millions of Americans fail to pay their taxes on time.  ( 23 min )

Managing expectations, communication, and industry-wide complexity are some of the top challenges financial advisors face today.  ( 23 min )

Learn how money market and savings accounts differ, and why a depositor may choose a money market account over a savings account.  ( 22 min )

Charles Schwab will raise $2.5 billion via bond sales to fund corporate expenses and business growth as the brokerage giant deals with the fallout from recent banking turmoil.  ( 16 min )

Compound interest is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.  ( 28 min )

Find out the major items and steps you need to know about, and plan for to complete your first tax return accurately and with confidence.  ( 22 min )

Video conferencing company Zoom is expected to say sales grew slower than ever before in the first quarter of the year, as the company struggles to find its footing after the work-from-home boom.  ( 17 min )

Median rent was $4,241 in April, up 1.6% from March and 8.1% from April last year. The number of new leases fell, as landlords are also offered fewer concessions.  ( 17 min )

Retail banking refers to the bank division that deals directly with consumers, while corporate banking serves business customers. Learn more about the differences.  ( 24 min )

High-profile investors veered toward technology stocks and troubled banks in the first quarter while generally reducing exposure to energy and value-oriented stocks.  ( 18 min )

President Biden arrives in Japan for the G7 meeting and Cisco shares fall after reporting a second quarterly decline in orders. Here’s what investors need to know today.  ( 17 min )

The government has narrowly averted disaster in three previous debt ceiling standoffs, but this time may be tougher.  ( 18 min )

Shopping for a mortgage lender can feel confusing and a little intimidating. Understanding the differences among the main types of lenders can help you narrow down the field.  ( 27 min )

A conventional mortgage is a homebuyer’s loan made through a private lender. Compared to Federal Housing Administration (FHA) loans, conventional loans tend to have higher interest rates.  ( 29 min )

A flat dollar is a fixed dollar amount charged for transactions, as opposed to an amount based upon a percentage of the transaction.  ( 18 min )

Walmart's quarterly results beat analysts' forecasts, and the big retailer raised its guidance.  ( 1 min )

American Airlines' post-pandemic recovery stalled in the first quarter, but better days may lie ahead as peak travel season looms.  ( 1 min )

Charles Schwab will raise $2.5 billion via bond sales to fund corporate expenses and business growth as the brokerage giant deals with the fallout from recent banking turmoil.  ( 1 min )

Amazon.com Inc is expanding its operations in India, joining the list of tech companies betting big on one of the world's fastest-growing economies.  ( 1 min )

Take-Two Interactive (TTWO) is the best-performing stock in the S&P 500 as the video game publisher reported better-than-expected sales, and said it expects demand to soar in coming years.  ( 1 min )

De delen van Shell die zich richten op hernieuwbare energie, moeten meer geld opleveren, volgens bestuurders van het olie- en gasconcern. De minder succesvolle onderdelen willen ze afstoten.  ( 3 min )

Rusland en Oekraïne zijn het donderdag op het nippertje eens geworden over het verlengen van de graandeal tussen beide landen. Het gaat om een verlenging van twee maanden. Wat is de graandeal ook alweer? En waarom is-ie zo belangrijk?  ( 4 min )

Google, Microsoft en OpenAI buitelen over elkaar heen om te laten zien wat er mogelijk is met hun AI. Maar wat zijn de plannen van Apple op het gebied van kunstmatige intelligentie? Het bedrijf van Tim Cook lijkt zich nog niet echt in de wedstrijd te mengen.  ( 4 min )

Deutsche Bank gaat 75 miljoen dollar (70 miljoen euro) betalen aan slachtoffers van Jeffrey Epstein. Een misbruikslachtoffer van de overleden Amerikaanse zakenman had de Duitse bank aangeklaagd. Die zou misbruikpraktijken mogelijk hebben gemaakt door Epstein financiële diensten te blijven leveren.  ( 3 min )

Slecht nieuws voor mensen die graag boodschappen bestellen bij DekaMarkt. De supermarktketen stopt per 2 juni met het thuisbezorgen.  ( 2 min )

Als het aan het kabinet ligt, gaan we via de verbranding van ons restafval grootschalig CO2 uit de lucht halen. Maar de afvalbranche heeft haar twijfels of het lukt om al in 2030 miljoenen tonnen CO2 onder de zee op te slaan.  ( 8 min )

The financier, who retains a role at SoftBank, recently agreed through his new fund to provide the office landlord nearly $500 million of high-interest debt, putting him on two sides of the same deal.  ( 25 min )

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“Legendary investor Peter Lynch has a straightforward perspective on corporate insiders and their actions in the stock market. He put it simply: ‘Insiders might sell their shares for any number of reasons, but they buy them for only one reason—they think the price will rise.’ Indeed, one of the best stock signals comes from corporate insiders, the company officers who hold positions of high responsibility – to their Boards, and to their peers, and to their shareholders and customers – for bringi  ( 43 min )

Microsoft CMO told staff that their best way to increase salary is to make the stock go higher, after selling $4.4 million worth of stock this month.  ( 40 min )

Charles Schwab said it intends to use the net proceeds for "general corporate purposes", and did not disclose the pricing for the offering in its filing with the U.S. Securities and Exchange Commission. BofA Securities, Citigroup, Credit Suisse, Goldman Sachs & Co. LLC, J.P. Morgan and Wells Fargo Securities are the joint book-running managers for the offering.  ( 38 min )

These are the stocks moving in after-hours on Wednesday, May 17, 2023.  ( 39 min )

With Elon Musk outlining plans for Tesla Inc to use traditional advertising for the first time, viewers might see the electric-vehicle maker's Model Y crossover or upcoming Cybertruck pickup - maybe even the billionaire CEO himself - on TV or online. Musk revealed those plans on Tuesday at the company's annual meeting, an about-face for the celebrity executive who recently acquired social media platform Twitter. "We'll try out a little advertising and see how it goes," he told investors in Austin, Texas.  ( 41 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

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The brokerage giant, under scrutiny this year, said in a filing it would use the proceeds for general corporate purposes.  ( 27 min )

(Bloomberg) -- Cisco Systems Inc., the largest maker of machines that run computer networks and the internet, gave a strong sales forecast for the current quarter, indicating some customers remain committed to upgrading their corporate technology infrastructure.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsDebt-Limit Talks to Intensify  ( 39 min )

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Cisco Systems Inc beat third-quarter revenue estimates on Wednesday as easing supply hurdles helped the company clear order backlogs for its networking gear. The company posted revenue of $14.57 billion in the quarter, compared with analysts' estimates of $14.39 billion, according to Refinitiv.  ( 38 min )

(Bloomberg) -- A California mutual fund manager was sentenced to four years in prison for defrauding investors whose $106 million he said would be put in US Treasury bills and other safe assets but was instead lost in much riskier investments.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsThe $120 Million Ghost Ship Antigua Is Desperate  ( 38 min )

By increasing borrowing costs and reducing liquidity, interest rate hikes have the potential to cool asset bubbles. But despite the Federal Reserve’s aggressive rate hikes, billionaire investor Stanley Druckenmiller doesn’t believe the bubble has dissipated. “I’m sitting here staring in the face at the biggest and probably the broadest asset bubble — forget that I’ve ever seen, but that I’ve ever studied,” he said at the 2023 Sohn Investment Conference. “It went on for 10 or 11 years and then it  ( 39 min )

A pair of tech stocks are seeing growth in the triple digits this year. Meta Platforms (META) is up 102% this year, on pace for its best year since 2013, when it rose 105%, according to Dow Jones Market Data. Nvidia (NVDA) has gained 105% so far this year, and is on pace for its best year since 20  ( 22 min )

An Instagram post during March Madness apparently set off Kid Rock — and began a long six week PR nightmare for Bud Light which has dragged down sales sharply.  ( 40 min )

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(Bloomberg) -- A faster-than-expected decline in the US Treasury Department’s cash balance is leading market participants to question whether the government will be able to make it until mid-June tax payments, potentially dashing hopes for a late-summer deadline. Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyDebt-Limit Talks to Intensify as Biden Set to Depart for JapanJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsMercedes Sets Out to Make S  ( 40 min )

Markets picked up steam after President Joe Biden said Wednesday he was “confident” that he and congressional leaders will come to an agreement to avoid the first ever U.S. government default.  ( 25 min )

(Bloomberg) -- Sanjay Shah, a hedge-fund trader accused of masterminding a massive tax fraud, lost an appeal at a Dubai court over an order to pay the Danish authorities more than 8.5 billion krone ($1.24 billion).Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsJPMorgan Asset Says Markets Are Right to Bet on US Rate CutsDebt-Limit Talks to Intensify as Biden Set to Depart for JapanThe Court of Cas  ( 38 min )

The assumption among most financial prognosticators is that a recession is most likely on the way, and one prominent name agrees it’s all but inevitable. Legendary investor Paul Tudor Jones sees a recession coming and even has an idea of when it will hit. The Tudor Investment Corp founder and billionaire expects a recession will come into play this fall, mainly as a result of the surge in debt and asset prices in recent years. Such activities are usually followed by an economic downturn. “Histor  ( 41 min )

Beyond the numbers, Alibaba earnings may hold more details on the group's plans to split itself up, as well as key trends about the Chinese consumer.  ( 23 min )

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The stocks our screen found are cheap, relative to highfliers like Eli Lilly, and many are cheap for a reason.  ( 23 min )

Will you have to downsize in your retirement? Many families plan to adjust their lifestyles in retirement. They swap the family house, say, for a smaller home. Or they move to a less expensive community. When this is a choice, … Continue reading → The post Half of Americans Won't Be Able to Afford Their Standard of Living in Retirement: Here's What You Can Do appeared first on SmartAsset Blog.  ( 42 min )

When entering retirement, would it be best to transfer your pension fund and 401(k) from your employer account to your own personal individual retirement account (IRA), keeping them under one roof? -Randy There are a couple of things to be … Continue reading → The post Ask an Advisor: What Should I Do With My Retirement Accounts When I Retire? appeared first on SmartAsset Blog.  ( 39 min )

Stocks opened in recovery mode Wednesday following Tuesday’s selloff as investors remain hopeful that the debt-ceiling talks will produce a breakthrough.  ( 40 min )

Researchers found that companies with the greatest exposure to generative AI could see higher cash flows, lower labor costs, and greater market valuations.  ( 22 min )

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Benzinga Apple Thwarts $2B In Fraud Transactions — But Third-Party App Store Debate Rages On On Tuesday, Apple announced that its App Store thwarted potential fraudulent transactions amounting to over $2 billion in 2022, alongside rejecting approximately 1.7 million app submissions for failing to meet the privacy and security standards of the app marketplace. The company underscored that it safeguarded users from almost 57,000 questionable apps from unofficial stores lacking the same inherent pr  ( 41 min )

Wall Street seems most excited about new products and advertising coming out of Tesla's 2023 annual meeting of shareholders, held Tuesday evening in Austin, Texas.  ( 23 min )

There's a reason that Social Security is called "the third rail of American politics" – as in, touch it and die. Most Americans – especially seniors – are fiercely protective when it comes to their retirement benefits. A financial advisor … Continue reading → The post Almost 8 in 10 People Oppose Raising the Full Retirement Age for Social Security appeared first on SmartAsset Blog.  ( 40 min )

Verizon Communications Inc (NYSE: VZ) is pruning the cost and number of its wireless plans to simplify customers' options amid cutthroat competition. It is reducing its lineup of unlimited mobile plans from six to two. It is dropping its most expensive data plans, the Wall Street Journal reports. For four lines, Verizon's two new mobile plans, Unlimited Welcome and Unlimited Plus will be available at a monthly price of $30 a line and $45 a line, respectively. For a single line, the cost would be  ( 39 min )

The Phoenix bank said its deposits rose again last week, boosting optimism in other regional lenders.  ( 39 min )

Pfizer Inc (NYSE: PFE) plans to raise $31 billion from a debt offering to finance its proposed acquisition of Seagen Inc (NASDAQ: SGEN) for $43 billion. The debt offering, which would be in eight tranches, is expected to close on May 19. Pfizer expects Seagen could contribute more than $10 billion in risk-adjusted revenues in 2030, with potential significant growth beyond 2030. Tuesday, Seagen shares came under pressure after the U.S. Federal Trade Commission announced to sue to stop Amgen Inc's  ( 39 min )

A big reshuffling is coming to the stock market next month: Index provider FTSE Russell will be rebalancing its stock benchmarks, a move that typically ripples through trillions of dollars in investments. Meta and Google-parent Alphabet are poised to get kicked out of the Russell 1000 Value Index,  ( 19 min )

In Kenny Rogers’ iconic song “The Gambler,” he sang, “Every hand’s a winner and every hand’s a loser…” These words hold valuable wisdom that every investor should remember. Regardless of your chosen strategy, successful stock investing ultimately boils down to mastering the art of balancing risk and reward. There are few stock segments that offer a higher return potential for the risk involved than the penny stocks, those equities priced at $5 or less. These are stocks with a truly rock-bottom c  ( 42 min )

Western Alliance Bancorp (WAL) stock jumped after the bank said its deposits had grown in the current quarter, sparking gains across other regional bank stocks. In premarket trad  ( 22 min )

Bitcoin breached $30,000 last month, marking the peak of a huge rally so far this year. But it has since corrected, with declines accelerating this week.  ( 22 min )

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Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not … Continue reading → The post What Percentage of Retirees Have a Million Dollars? appeared first on SmartAsset Blog.  ( 42 min )

A lengthy nursing home stay can be expensive, and if you don't qualify for Medicaid, you may need to draw down your assets to pay for it. You may choose to leave a life insurance policy behind to help your … Continue reading → The post Can Nursing Homes Take Your Life Insurance From Your Beneficiary? appeared first on SmartAsset Blog.  ( 41 min )

The International Monetary Fund's no. 2 official said on Wednesday she sees sizeable risks that inflation will remain high or accelerate in many emerging markets and urged central banks to keep monetary policies tight. IMF First Deputy Managing Director Gita Gopinath told a conference hosted by the Central Bank of Brazil that markets were probably "too optimistic" about what it would take to bring down inflation in emerging markets. "Despite encouraging signs, I am worried that price pressures seem entrenched in many economies and that upside inflation risks are sizeable," she said in remarks prepared for the event.  ( 38 min )

The U.S. Federal Reserve will hold its key interest rate steady this year despite an expected recession, according to a Reuters poll of economists, who also said the risk of a U.S. default over the debt ceiling was higher compared to prior stand-offs. Those concerns, along with failures of some regional banks, led markets to price in at least a 50 basis point cut by end-2023, an expectation that gained momentum after policymakers signaled a pause to the rate hiking campaign at the May 2-3 meeting. However, U.S. central bankers reiterated the federal funds rate would stay high or could go even higher, not lower, despite 34 of 46 respondents to an additional question in the May 11-16 Reuters poll predicting a U.S. recession in 2023.  ( 40 min )

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A high rise office building in San Francisco's financial district is being sold for significantly lower than what it had been valued at a few years ago, the San Francisco Business Times reported.  ( 39 min )

Tesla CEO Elon Musk tells shareholders the electric-vehicle company would try running some advertisements, Target's adjusted earnings top estimates, Western Alliance issues a deposits update, and Doximity's revenue forecast misses expectations.  ( 23 min )

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Pfizer's acquisition of cancer-focused biotech Seagen, announced in March, would be its biggest since 2009. The deal faces risks.  ( 22 min )

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Target hits and misses in its first quarter earnings report.  ( 40 min )

Target execs call attention to a major problem they are having in their stores.  ( 40 min )

Bitcoin breached $30,000 last month, marking the peak of a huge rally so far this year. But it has since corrected, with declines accelerating this week.  ( 22 min )

Musk argued that professional workers were being unfair in asking to work-from-home while factory and service workers still had to work in-person.  ( 41 min )

Electric car maker Fisker Inc is exploring collaboration with other companies to scale up market share faster, Chief Executive Henrik Fisker said on Wednesday. All three companies are still relatively small and are launching new product lines as larger rivals such as Tesla Inc, China's BYD and established global automakers are battling for sales by cutting prices. Fisker said the EV startup has 65,000 reservations for its Ocean SUV, which is being launched from a factory in Austria operated by a unit of Magna International Inc.  ( 39 min )

(Bloomberg) -- The yuan slid past the 7 per dollar level for the first time since December as disappointing Chinese economic data this week prompted calls for more policy easing.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterGoogle Billionaire Sergey Brin  ( 40 min )

Western Alliance said its deposits had grown by more than $2 billion in the second quarter so far.  ( 22 min )

(Bloomberg) -- European biotech firm Argenx SE is scheduled to release key drug trial data this summer. Deal-hungry Big Pharma is closely watching.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterHere’s How Much Wealth You Need to Join the Richest 1% Glo  ( 41 min )

Contrary to the myth, Americans pay quite a lot of taxes. In 2022, for instance, employees paid an average tax rate of 24.8%, or 0.2% more than in comparable countries. US federal taxes on individual income can be as high as 37%.  ( 40 min )

(Bloomberg) -- A US recession is a virtual certainty and the Federal Reserve may lower interest rates by the third quarter as growth loses momentum, according to JPMorgan Asset Management. Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanHere’s How Much Wealth You Need to Join the Richest 1% GloballyGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterGoogle Billionaire S  ( 40 min )

UBS Group AG was rushed into buying cross-town rival Credit Suisse Group AG in a deal it did not want, as a global bank crisis worsened the latter's finances and prompted authorities to take swift action, a regulatory filing showed. UBS, in a Tuesday filing to the U.S. Securities and Exchange Commission, told investors it had less than four days to conduct due diligence given the "emergency circumstances". Credit Suisse's involvement in a series of corporate collapses spooked clients who began withdrawing their money, a trend that accelerated when U.S. bank failures sparked fear of a broader banking crisis.  ( 39 min )

Germany's Commerzbank said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates. Analysts had on average expected profit of 481 million euros, according to a consensus forecast published by Commerzbank. The bank said it sees "upside potential" in net interest income this year.  ( 38 min )

Siemens raised its full year sales and profit guidance on Wednesday after the German engineering and technology group beat sales forecasts during its second quarter. The maker of products ranging from trains and industrial software now expects comparable revenue growth of 9% to 11% in the 12 months to the end of September, up from its previous view for an increase of 7% to 10%. Siemens also expects to increase its underlying basic earnings per share to a range of 9.60 euros to 9.90 euros, up from the 8.90 euros to 9.40 euros it said it expected in February.  ( 38 min )

When Cisco Systems reports financial reports after the close Wednesday, the focus is going to be not on revenue and profits, but instead on orders.  ( 22 min )

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Vietnam's electric automaker VinFast expects to break even by the end of 2024, its founder said on Wednesday. Vinfast will also launch an EV-pickup truck and a city or "mini car" as future models, Pham Nhat Vuong, chairman of conglomerate Vingroup and founder of its auto unit VinFast, told investors at the company's annual general meeting. VinFast said earlier this month that it would list in the United States via a merger with a special purpose acquisition company (SPAC) Black Spade Acquisition Co.  ( 38 min )

RH CEO Gary Friedman has been a fan of Warren Buffett, having quoted him often during company earnings calls over the years.  ( 39 min )

Target's first quarter profit and revenue exceed estimates even as inflation led consumers to shift their shopping habits away from higher-priced discretionary products.  ( 1 min )

OpenAI adds a web browser for paid ChatGPT users and plugins that expand access to commercial services.  ( 1 min )

The Dow, S&P 500, and Nasdaq jumped more than 1% on Wednesday, May 17, 2023 as debt limit talks advanced and regional bank shares rose.  ( 1 min )

Pfizer's $31 billion bond sale ranks among the largest ever, but it's still only half the size, adjusted for inflation, of Verizon's mammoth 2013 deal.  ( 1 min )

Western Alliance Bancorporation (WAL) shares are soaring after the struggling regional bank said deposits have jumped so far this quarter, which also boosted shares of other regional lenders.  ( 1 min )

House Speaker Kevin McCarthy said a debt ceiling deal could be ready by the end of the week and Target’s earnings show that consumers are buying more necessities and fewer discretionary items. Here’s what investors need to know today.  ( 1 min )

Het kabinet wil een groep ouderen van Surinaamse afkomst die onvolledige AOW ontvangen, een tegemoetkoming geven van 5.000 euro per persoon. Dat schrijft pensioenminister Carola Schouten aan de Tweede Kamer. Het gaat om een groep van ruim 30.000 mensen.  ( 4 min )

Om het personeelstekort in het onderwijs het hoofd te bieden, proberen basisscholen leraren te verleiden om meer uren te draaien. Het idee is dat ze hier sneller toe bereid zijn als daar een financiële bonus, extra vrije dagen of een plek bij de kinderopvang tegenover staat. 200 scholen doen mee aan dit overheidsexperiment.  ( 5 min )

Het UWV gaat met het ministerie van Sociale Zaken en Werkgelegenheid (SZW) in hoger beroep tegen de uitspraak van de rechter dat een asielzoeker meer dan 24 weken mag werken.  ( 4 min )

Om het personeelstekort in het onderwijs het hoofd te bieden, proberen scholen leraren te verleiden om meer uren te laten draaien. Idee is dat ze hier sneller toe bereid zijn als daar een bonus, in geld, extra vrije dagen of een plek bij de kinderopvang tegenover staat. 200 scholen doen mee aan dit overheidsexperiment.  ( 5 min )

Rusland en Oekraïne zijn akkoord over het verlengen van de graandeal tussen beide landen. Het gaat om een verlenging van twee maanden. Dat hebben de twee landen bevestigd nadat de Turkse president Recep Tayyip Erdogan het eerder op woensdag al meldde.  ( 3 min )

Het UWV gaat met het ministerie van Sociale Zaken en Werkgelegenheid (SZW) in hoger beroep tegen de uitspraak van de rechter dat een asielzoeker meer dan 24 weken mag werken.  ( 4 min )

Rusland en Oekraïne zijn akkoord over het verlengen van de graandeal tussen beide landen. Het gaat om een verlenging van twee maanden. Dat meldt de Turkse president Recep Tayyip Erdogan woensdag.  ( 3 min )

De nieuwe game The Legend of Zelda: Tears of the Kingdom is in drie dagen tijd tien miljoen keer verkocht. Volgens Nintendo is het de snelst verkopende Nintendo-game ooit in zowel de Benelux als in Europa.  ( 3 min )

Klanten van KLM die liever niet als man of vrouw aangesproken willen worden, kunnen dat voortaan aangeven bij hun boeking. Ze kunnen aangeven dat ze zich identificeren als non-binair of ervoor kiezen de aanspreekvorm helemaal weg te laten. Dan noemt de luchtvaartmaatschappij de passagiers gewoon bij hun naam.  ( 3 min )

Rabobank verhoogt de rente op vrij opneembaar spaargeld op 1 juni van 0,75 procent naar 1 procent. Dat is de tweede verhoging in een maand tijd. Op 1 mei ging de spaarrente ook al omhoog.  ( 3 min )

Het geld dat het kabinet gebruikt om de arbeidsmarkt te stimuleren, heeft amper effect. De subsidies moeten zorgen voor meer IT'ers en stages in de zorg, maar dat doen ze volgens de Algemene Rekenkamer niet. Daarnaast ligt bij het omscholingsbudget STAP misbruik op de loer.  ( 4 min )

De inflatie in de gehele Europese Unie is in april voor de zesde maand op rij gezakt. Die maand bedroeg de inflatie 8,1 procent. Maar in Nederland steeg het percentage juist in april.  ( 3 min )

Ook in de zuivelindustrie zijn acties en stakingen voorlopig van de baan. Werkgevers en vakbonden hebben een nieuwe cao gesloten voor de twaalfduizend werknemers. Zij kunnen rekenen op een loonsverhoging van 11,65 procent.  ( 3 min )

Topman Sam Altman van het bedrijf achter chatbot ChatGPT heeft de Amerikaanse overheid opgeroepen de ontwikkeling van kunstmatige intelligentie (AI) te reguleren. De bestuurder van OpenAI is bang dat de technologiesector de wereld anders aanzienlijke schade kan toebrengen.  ( 4 min )

In Nederland zijn elektrische auto's inmiddels bijna net zo geliefd als benzineauto's. Maar in de hele Europese Unie zijn personenwagens met een benzinemotor nog altijd het populairst.  ( 3 min )

Tijdelijke huurcontracten op de woningmarkt moeten weer een uitzondering worden. Een meerderheid van de Tweede Kamer stemde daarom dinsdag voor nieuwe regels, die ervoor moeten zorgen dat vaste contracten de norm zijn. Wat verandert er precies en welke uitzonderingen zijn er?  ( 5 min )

Bedrijven moeten bij een melding over seksueel grensoverschrijdend gedrag niet te snel terugvallen op extern onderzoek. Dat schrijft regeringscommissaris Mariëtte Hamer in een pilotversie van een gids over hoe organisaties moeten omgaan met dit soort situaties.  ( 4 min )

De werkloosheid in ons land is in april licht afgenomen naar 3,4 procent van de beroepsbevolking. Dat zijn 343.000 mensen zonder baan. Onder 45-plussers is het aantal werklozen zelfs gedaald tot het laagste niveau in twintig jaar.  ( 3 min )

Supermarkten zouden zich schuldig maken aan graaiflatie. Daarbij stijgen de prijzen onnodig harder dan de kosten. Hoe zit dat precies?  ( 3 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

Looking for somewhere to trade actively? We reviewed the best day trading platforms based on execution speed, ease of use, pricing, reliability, and customer service.  ( 30 min )

A credit score is a number from 300 to 850 that rates a consumer’s creditworthiness. The higher the score, the better a borrower looks to potential lenders.  ( 26 min )

The hospital insurance trust fund is Part A of Medicare, the United States health insurance program for those 65 and older.  ( 21 min )

Home Depot and Boeing help lead the Dow more than 400 points higher, while Intel continued its losing streak  ( 16 min )

A broad-based index is designed to reflect the movement of the entire market—one example of a broad-based index is the Dow Jones Industrial Average.  ( 21 min )

The Dow, S&P 500, and Nasdaq jumped more than 1% on Wednesday, May 17, 2023 as debt limit talks advanced and regional bank shares rose.  ( 16 min )

A bank letter of credit policy assures a company engaged in an international transaction of the creditworthiness of the buyer.  ( 19 min )

Target's first quarter profit and revenue exceed estimates even as inflation led consumers to shift their shopping habits away from higher-priced discretionary products.  ( 16 min )

The rehabilitation credit for historic preservation is a federal tax credit designed to encourage historical property preservation in the U.S.  ( 24 min )

Over half of Gen Z and millennial respondents surveyed by Deloitte say they live paycheck to paycheck, and expect that the economy will stay the same or worsen over the next year.  ( 16 min )

Pfizer's $31 billion bond sale ranks among the largest ever, but it's still only half the size, adjusted for inflation, of Verizon's mammoth 2013 deal.  ( 17 min )

Asking these 10 questions can help you to have a successful relationship with your financial advisor. It's important to understand what your advisor does and how they do it.  ( 28 min )

A look-alike contracts is a derivative of a futures contract.  ( 18 min )

OpenAI adds a web browser for paid ChatGPT users and plugins that expand access to commercial services.  ( 17 min )

You’re probably moving a lot and still paying off your student loans. Is it crazy to get a mortgage in your 20s? Here’s how to decide.  ( 26 min )

Capital One offers a solid certificate of deposit (CD) account, with a variety of term lengths, good rates, and no minimum balance required.  ( 20 min )

Learn about Chase Bank's CD rates and how they compare to the competition. Make informed decisions and see if you can maximize your returns with Chase Bank's CD options.  ( 19 min )

The Albanian lek is the national currency of the Republic of Albania.  ( 21 min )

The reasons most clients fire their advisors are easier to address than you may think. Find out what you should be doing to keep your clients.  ( 24 min )

The March inflation rate was 5%. That's lower than the top interest rates on CDs. The best-paying CDs could beat or at least mitigate the effects of inflation on your savings.  ( 20 min )

Shopping for a mortgage? Learn how to get the best possible mortgage deal, how a mortgage calculator can help, and tips to help you find the best mortgage rates.  ( 27 min )

Credit card rental car insurance is coverage to pay for damage to a rental car you rent with the card. Here’s how it works and which cards offer primary coverage.  ( 27 min )

Tether, the issuer of the USDT stablecoin, said it will allocate 15% of its profit to regularly purchase Bitcoin to diversify reserves backing USDT.  ( 17 min )

The Global Reporting Initiative (GRI) is an international independent organization that provides a widely recognized framework for sustainability reporting  ( 21 min )

The Financial Services Forum is an organization representing the CEOs of the eight largest U.S. banks that advocates on financial and economic policy.  ( 22 min )

A serial bond with balloon has portions of the total principal amount mature at staggered intervals and a significantly larger final balloon payment.  ( 19 min )

Residential mortgage-backed securities are created from residential debt such as mortgages, home-equity loans & subprime mortgages.  ( 20 min )

Western Alliance Bancorporation (WAL) shares jumped after the struggling regional bank said deposits have risen so far this quarter, which also boosted shares of other regional lenders.  ( 16 min )

Jackson Financial, New York Community Bancorp, and Waterdrop are the top financial stocks for best value, fastest growth, and most momentum, respectively.  ( 21 min )

Mortgage interest rates increased again last week, leading to a drop in applications to purchase or refinance homes, according to the Mortgage Bankers Association.  ( 16 min )

The Home Possible mortgage program from Freddie Mac allows low and moderate-income borrowers to buy a home with a down payment as low as 3%.  ( 18 min )

Ripple said it bought Swiss crypto custodian Metaco as crypto firms diversify outside the U.S.  ( 18 min )

Mastodon, a social media platform that emerged as an alternative to Twitter, makes money from grants, direct sponsorships, and user donations.  ( 23 min )

Lenders use different versions and types of FICO scores depending on the type of credit you're seeking and other issues.  ( 24 min )

Fannie Mae expands the liquidity of the mortgage market and helps low- to moderate-income borrowers obtain financing for a home.  ( 26 min )

In a survey published this week, the majority of tax prep software users said they would switch over to an IRS-run option, if one were made available.  ( 17 min )

Walmart, America’s biggest retailer by revenue, is expected to report a rebound in earnings on solid growth in same-store sales, as cash-strapped consumers spend more on necessities.  ( 17 min )

Prime is a classification of borrowers, rates, or holdings in the lending market that are considered to be of high quality.  ( 21 min )

The 30-year mortgage average inched up to almost the 7% threshold once again, with most other loan averages also moving slightly to moderately higher.  ( 17 min )

A conforming loan is a home mortgage with underlying terms and conditions that meet the funding criteria of Fannie Mae and Freddie Mac.  ( 24 min )

A nonconforming mortgage is a home loan that cannot be sold by a bank to Fannie Mae or Freddie Mac, usually because it is too large.  ( 19 min )

A mortgage application is submitted to a lender when you apply for a loan and includes information that determines whether the loan will be approved.  ( 23 min )

Housing starts ticked up slightly in April, a sign that demand is growing for newly-built homes in a low-inventory market.  ( 17 min )

A reverse mortgage lawyer can help with untangling reverse mortgage issues. Learn how to find a reputable reverse mortgage attorney.  ( 22 min )

If you are buying or selling a home, you must understand all the processes involved in the escrow. Here is everything you will need to know about the escrow process.  ( 28 min )

By looking at the inflation rate each year, you can gain insight into how prices changed and how events across the globe impacted the average U.S. consumer.  ( 25 min )

Here is how much each U.S. president contributed to the U.S. national debt, both by percentage and in dollar amounts.  ( 25 min )

When you get a mortgage, you need to understand the structure of your payments, so you know how expensive the whole thing will ultimately be.  ( 26 min )

House Speaker Kevin McCarthy said a debt ceiling deal could be ready by the end of the week and Target’s earnings show that consumers are buying more necessities and fewer discretionary items. Here’s what investors need to know today.  ( 18 min )

A unit linked insurance plan (ULIP) is an investment product that provides insurance payout benefits.  ( 22 min )

Learn more about the insurance sector, a historically safe place for equity investors and the home of some of the largest financial firms in the world.  ( 27 min )

The top reasons why advisors should become registered investment advisors.  ( 24 min )

(Bloomberg) -- More than three years after China’s grand financial opening, it’s becoming clear to Wall Street giants that their dreams of windfall profits from the $60 trillion market are more elusive than ever.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanHere’s How Much Wealth You Need to Join the Richest 1% GloballyGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks La  ( 43 min )

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When the legendary investor Warren Buffet makes a move, Wall Street pays attention. Known as the ‘Oracle of Omaha’ and the mastermind behind Berkshire Hathaway, now 92 years old, Buffett has amassed a fortune of over $100 billion throughout his career. Buffett’s preferred investing style has always been value investing, which entails identifying undervalued stocks with strong fundamentals. So, it’s definitely worth nosing through Buffett’s Berkshire Hathaway portfolio to see which stocks he rece  ( 42 min )

The Oracle of Omaha has made it clear that he is still cautious about holding many bank stocks.  ( 40 min )

Greg Becker acknowledged that regulators had pointed out flaws in SVB's balance sheet, but said that he was in the process of working with regulators when the bank run occurred.  ( 40 min )

The stock has dived 23% since the company reported first-quarter earnings on May 1.  ( 22 min )

Tesla held its annual shareholder meeting after the bell on Tuesday, with the company dealing with a variety of items like board composition, shareholder votes on various measures, long-term planning and the return of a former Tesla exec as a new board member.  ( 40 min )

Famed short seller Jim Chanos scoffed at remarks made by Silicon Valley Bank's ex-CEO that a sharp policy shift by the Fed had brought the bank down.  ( 39 min )

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Former Tesla tech chief JB Straubel wins a seat on the auto maker’s board.  ( 26 min )

(Bloomberg) -- The Federal Deposit Insurance Corp. will sell New York Community Bancorp Inc. shares it acquired as part of the lender’s purchase of Signature Bank from the regulator in March.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt-Limit Talks to Intensify as Biden Set to Depart for JapanGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterHere’s How Muc  ( 39 min )

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The IRS announced the largest ever increase to the amount Americans can set aside in HSAs each year.  ( 24 min )

The U.S. Interior Department on Tuesday removed one of the last remaining obstacles to Lithium Americas Corp's Thacker Pass mine project in Nevada by finding nearly all of the site contains the metal used to make electric-vehicle batteries. The opinion from the department's solicitor comes amid an acrimonious debate about whether more U.S. mines should be built to produce lithium and other green energy transition metals. A federal judge in February rejected claims that the Thacker Pass project would cause unnecessary harm to the environment, but ordered officials to study whether roughly 1,300 acres (530 hectares) at the site where Lithium Americas hopes to store waste rock - a byproduct of the mining process - contained the metal.  ( 39 min )

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A group of companies including General Electric Co, Ikea Supply AG and Home Depot Inc on Tuesday defeated a request by the University of California for a U.S. appeals court to block imports of light bulbs that allegedly infringe its patents. The U.S. Court of Appeals for the Federal Circuit affirmed the U.S. International Trade Commission's decision that the companies' light bulbs did not include a key element of the university's patented technology. Home Depot declined to comment.  ( 39 min )

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Like its peer, ODP Corp (NASDAQ: ODP), the U.S. industrial conglomerate is also facing lowered sales as consumers reflect on their spending in a difficult macroeconomic environment. With an economic slowdown that is impacting its top lines and manufacturing, 3M (NYSE: MMM) is also dealing with a corporate restructuring and lawsuits that could even cost the company its Dow Jones spot. Firing Of Recently Promoted Chief Business Officer Only a month after his promotion, longtime executive Michael V  ( 41 min )

(Bloomberg) -- The patent that’s given Vanguard Group an edge over competitors for the past 20 years — and helped its clients pull in more than $100 billion worth of additional investment gains — expired today. Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubSingapore Airlines Posts Highest Profit in 76-Year  ( 39 min )

Workers who have used remote work's flexibility to 'overemploy' themselves are turning to AI for even more side-hustles.  ( 40 min )

At least 50% of Americans had confidence in the housing market for nearly 50 years, but that all changed the last two years.  ( 39 min )

(Bloomberg) -- Pfizer Inc. is in the US high-grade bond market with a jumbo offering that’s lining up to be one of the largest ever sold. Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubSingapore Airlines Posts Highest Profit in 76-Year HistoryTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffThe  ( 40 min )

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The net worth of Shunsaku Sagami, the founder, and CEO of M&A Research Institute Holdings, touched $950 million on Tuesday.  ( 39 min )

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Most national average rates climbed in April, but signs of a pullback are appearing and Federal Reserve actions indicate rates may flatten or decline in coming months.  ( 19 min )

The stock has dived 23% since the company reported first-quarter earnings on May 1.  ( 22 min )

Wall Street is watching for signs of movement in the debt-ceiling impasse, with a meeting between President Joe Biden and House Speaker Kevin McCarthy set for Tuesday afternoon in Washington.  ( 41 min )

The chip maker currently has a market cap of $722 billion, outpacing Berkshire's $709 billion.  ( 23 min )

Business magnate Warren Buffett is widely regarded as one of the greatest investors of the modern-day world. His seemingly unmatched and consistent value-investing strategies have earned him the title of Oracle of Omaha. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Many of his investing strategies are known, but there is one that is often overlooked yet incredibly important. It’s a lot more prevalent in the s  ( 41 min )

Dan Loeb and Bill Ackman just disclosed new positions in Google-parent Alphabet.  ( 22 min )

“US stocks are declining after Home Depot delivered a downbeat outlook for the retail consumer and Speaker McCarthy said debt ceiling negotiations have had no progress,” wrote Edward Moya, senior market analyst at OANDA. “Wall Street is bracing for something bad to happen, but no one has an idea on  ( 23 min )

The Nasdaq Composite ticked 0.2% higher midday Tuesday, while the Dow and S&P 500 stayed in the red. Several tech stocks were bolstering that lift, including Advanced Micro Devices (ticker: AMD), up 4.6%, Alphabet (GOOGL, GOOG), gaining 2.8% and 2.6%, respectively, Amazon.com  ( 22 min )

FTC is suing Amgen to block its potential $28B acquisition of Horizon Therapeutics  ( 40 min )

Silicon Valley Bank's former CEO is getting pushback from lawmakers about his explanation for why the bank failed in March. Here's what Senate Banking Committee Chairman Sherrod Brown (D., Ohio) said to Greg Becker: "Mr. Becker, [your version of events](https://www.banking.senate.gov/imo/media/d  ( 25 min )

Investor Warren Buffett's company bought another $127 million worth of Occidental Petroleum stock over the past week to give Berkshire Hathaway 213.9 million shares of the oil producer. Berkshire's latest filing with the Securities and Exchange Commission late Monday showed that it had bought another 2.2 million Occidental shares. Buffett's Omaha, Nebraska-based conglomerate controls 23.8% of Occidental's stock and holds warrants to buy another 83.9 million shares for $59.62 apiece, but the billionaire recently told shareholders that he has no plans to buy the entire company.  ( 39 min )

(Bloomberg) -- Stiff global competition for sour crude oil is threatening to complicate the Biden administration’s plan to buy up to 3 million barrels to refill the depleted US Strategic Petroleum Reserve.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffGoogle Billionaire Sergey Brin Gifts $600 Million in Surging S  ( 38 min )

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The wireless carrier’s new consumer boss is looking to reduce the “paradox of choice” and curb subscriber losses.  ( 25 min )

The FTC is preparing to seek an injunction in federal court that would prevent the deal from closing.  ( 26 min )

(Bloomberg) -- Alphabet Inc. is back in the game. The artificial intelligence game, that is.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubShares in the Google-owner had lagged behind other mega  ( 41 min )

The Justice Department plans on Tuesday to announce the first enforcement actions from its "disruptive technology" strike force, the U.S. Attorney's Office in Manhattan said on Twitter. Deputy Attorney General Lisa Monaco said in February that the new task force was a joint effort between her department and the U.S. Commerce Department, to safeguard American technology from foreign adversaries and other national security threats.  ( 37 min )

Tesla's 2023 annual meeting of shareholders starts Tuesday at 4 p.m. Eastern time. Investors can watch it on the web.  ( 22 min )

With the macro backdrop currently a combination of debt ceiling negotiations, data pointing to cooling economic activity amidst expectations of a recession, investors could benefit from a guiding hand to block out the background noise and point toward the equities primed to gain from here. One way to keep ahead of the game is by riding the coattails of Wall Street investing legends. Ones such as Steve Cohen. Using a high-risk/high-reward strategy, the billionaire Chairman and CEO of global asset  ( 42 min )

A second-to-die policy is designed for couples who want to share a life insurance policy with specific beneficiaries, such as children and grandchildren. The life insurance company will only make a payout to the beneficiaries after the last survivor passes … Continue reading → The post Second-to-Die Insurance Policy Definition appeared first on SmartAsset Blog.  ( 40 min )

Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.  ( 42 min )

An annuity can be an appealing option to build your retirement nest egg. Adding guaranteed retirement income to your retirement can give you financial stability. But the exact amount that you'll get from an annuity each month will vary. Let's … Continue reading → The post How Much Does a $200,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.  ( 40 min )

Depending on your age, if your income is below a certain threshold, you may not have to pay taxes. Here's what you need to know.  ( 40 min )

Baidu's first-quarter earnings and revenue beat analysts' expectations, as advertising growth was ahead of Wall Street forecasts.  ( 22 min )

People with units of the pipeline operator will be fully taxed on the entire cash-and-stock deal, so much of their gains will go to Uncle Sam.  ( 25 min )

Tesla's 2023 annual meeting of shareholders starts Tuesday at 4 p.m. Eastern time. Investors can watch it on the web.  ( 22 min )

Amgen reached an agreement to buy Horizon for $27.8 billion in December last year, and at the time said it expected the deal to be completed in the first half of 2023.  ( 23 min )

Buffett stays keen on tech titan HP.  ( 40 min )

Short seller Michael Burry is playing the long game in China’s tech sector.  ( 39 min )

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Home Depot shares slump after the home-improvement giant cuts fiscal-year guidance, Baidu's profit tops estimates, and Berkshire Hathaway initiates a position in Capital One Financial.  ( 23 min )

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Jill Woodworth’s first role as a finance chief was at Peloton.  ( 41 min )

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Ex-Silicon Valley and Signature Bank execs face Senate panel, Wells Fargo to pay $1 billion to settle lawsuit, Federal Reserve officials see rates remaining high in 2023, and other news to start your day.  ( 23 min )

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Tesla Inc CEO Elon Musk will be under pressure to address investor concerns about the lack of a clear successor, softening demand and delays of some new models when he speaks at the electric-car maker's annual shareholder meeting on Tuesday. The billionaire entrepreneur, also the top boss of Twitter, last week announced that NBCUniversal's former advertising head Linda Yaccarino will succeed him as Twitter CEO and that he will focus on products and technology at the social media firm. Musk said the move would allow him to devote more time to the electric carmaker, but his commitments to other ventures such as a new AI startup remain a worry.  ( 40 min )

The home-improvement retailer cuts its fiscal-year sales and earnings guidance, citing weather, softening demand, and other factors.  ( 22 min )

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Baidu's first-quarter earnings and revenue beat analysts' expectations, as it focuses on artificial-intelligence technology.  ( 22 min )

The online brokerages earlier agreed to stop accepting new customers from mainland China.  ( 27 min )

(Bloomberg) -- Analysts are upgrading Swedish real estate stocks after recent selloffs have made them too cheap to ignore and as recent measures to shore up highly-leveraged balance sheets have improved some of their outlooks.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of Vi  ( 39 min )

(Bloomberg) -- Baidu Inc.’s revenue rose a stronger-than-expected 10% after its advertising and cloud businesses benefited from China’s post-pandemic reopening.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryChicago’s Empty Office Towers Threaten Its Future as a Major  ( 40 min )

The outlook highlights widening divide between booming demand in the developing world and lackluster requirements in Europe and North America, the International Energy Agency said.  ( 26 min )

Vodafone plans to axe 11,000 jobs after new chief executive Margherita Della Valle admitted the struggling telecoms giant's performance was "not good enough".  ( 38 min )

↗️ Capital One (COF): The bank’s stock surged over 5% in premarket trading on the news that [Warren Buffett’s Berkshire Hathaway opened a new position](https://www.wsj.com/articles/berkshire-hathaway-opens-new-position-in-capital-one-exits-bny-me  ( 18 min )

Executing a successful pivot away from the U.S. would be a tall order for the crypto exchange, Berenberg said.  ( 39 min )

Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers. Wells Fargo has operated since 2018 under consent orders from the Federal Reserve and two other financial regulators requiring that it improve governance and oversight. The fourth-largest U.S. bank is also subject to an asset cap by the Fed, which can impede its ability to compete with larger rivals JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc.  ( 39 min )

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Shareholders claimed the bank and its past leadership were moving slower to address regulatory issues than they acknowledged publicly.  ( 27 min )

(Bloomberg) -- Michael Burry, the money manager made famous in The Big Short, now has a Big Long when it comes to China. He boosted his bullish bets on e-commerce giants JD.com Inc. and Alibaba Group Holding Ltd. big time, even as other hedge funds cooled on the nation’s reopening trades. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapCh  ( 40 min )

The conglomerate led by Warren Buffett bought about $130 million of Occidental stock in recent days.  ( 23 min )

(Bloomberg) -- Elon Musk was issued a subpoena by the US Virgin Islands in its lawsuit accusing JPMorgan Chase & Co. of knowingly benefiting from Jeffrey Epstein’s sex-trafficking.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapChicago’s Empty Office Towers Threaten Its Future as a Major Financial HubMicrosoft’s $69 Billion Activision Dea  ( 39 min )

"The Big Short" investor Michael Burry bought First Republic, PacWest, and other bank stocks last quarter, likely capitalizing on a brutal sell-off.  ( 40 min )

Oil prices rose for a second day early on Tuesday, as U.S. plans to purchase oil for the Strategic Petroleum Reserve (SPR) lent support while raging wildfires in Canada fuelled supply worries. The U.S. Department of Energy said on Monday it would buy 3 million barrels of crude oil for the SPR for delivery in August, and asked that offers be submitted by May 31. Oil prices on Tuesday, however, drew support from supply worries stemming from wildfires in Canada.  ( 39 min )

(Bloomberg) -- Michael Burry, the money manager made famous in The Big Short, now has a Big Long when it comes to China. He boosted his bullish bets on e-commerce giants JD.com Inc. and Alibaba Group Holding Ltd. big time, even as other hedge funds cooled on the nation’s reopening trades. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapMi  ( 40 min )

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In de eerste drie maanden van dit jaar zijn 12.800 vergunningen afgegeven voor nieuwbouw. Dat is 28 procent minder dan een jaar eerder en is het kleinste aantal sinds het tweede kwartaal van 2016.  ( 3 min )

De Nederlandse economie is in het eerste kwartaal van dit jaar sterk gekrompen. De dip van maar liefst 0,7 procent is redelijk uitzonderlijk. De laatste keer dat onze economie in zo'n neergang terechtkwam, was tijdens de financiële crisis in 2012. Maar is dat reden voor paniek?  ( 5 min )

De Nederlandse economie is in het eerste kwartaal van dit jaar sterk gekrompen. De dip van maar liefst 0,7 procent is redelijk uitzonderlijk. De laatste keer dat onze economie in zo'n neergang terechtkwam, was tijdens de financiële crisis in 2012. Maar is dat reden voor paniek?  ( 5 min )

De Nederlandse economie is in het eerste kwartaal van dit jaar sterk gekrompen. De dip van maar liefst 0,7 procent is redelijk uitzonderlijk. De laatste keer dat onze economie in zo'n neergang terechtkwam, was tijdens de financiële crisis in 2012. Maar is dat reden voor paniek?  ( 5 min )

Er was al een cao-loonsverhoging van twee keer 2 procent voor personeel in geestelijke gezondheidszorgcentra, maar nu krijgen ze er nog eens een inflatiecompensatie bij. Volgens vakbond FNV komt er nog eens 10 procent extra loon bij.  ( 3 min )

Wie een woning of kamer verhuurt aan studenten mag straks geen kortlopend contract meer aanbieden van bijvoorbeeld een of twee jaar. Zulke contracten blijven wel mogelijk voor bijvoorbeeld buitenlandse studenten die een jaar in Nederland komen studeren.  ( 3 min )

Bij steeds meer energieleveranciers kun je weer meerjarige energiecontracten afsluiten. Maandag liet Vattenfall weten weer driejarige contracten aan te bieden. Dinsdag volgden Budget Energie en Eneco dit voorbeeld.  ( 3 min )

Het personeelstekort blijft groot, zelfs nu het economisch minder gaat. Zijn er echt te weinig mensen beschikbaar? En waar moeten we dan extra handen vandaan halen? Vijf vragen over de aanhoudende krapte op de arbeidsmarkt.  ( 7 min )

De omstreden multimiljonair Gerard Sanderink, die is geschorst als topman van Strukton en Centric, moet miljoenen aan dwangsommen betalen aan zijn ex-vriendin. Sanderink beschuldigt haar al jaren van fraude en diefstal, zonder bewijs daarvoor te leveren. Daarom moet hij haar nu in totaal 4,6 miljoen euro betalen.  ( 4 min )

De overheid wil alle aandelen van de eigenaren van de kerncentrale in Dodewaard overnemen. Dat heeft het kabinet laten weten aan de Tweede Kamer. De centrale ligt al sinds 1997 stil.  ( 3 min )

Transavia schrapt nog eens zo'n 160 retourvluchten in de maand juni. Dat doet de luchtvaartmaatschappij vanwege een tekort aan vliegtuigen. Duizenden passagiers zijn hiervan de dupe, maar ze worden wel gecompenseerd.  ( 3 min )

De Nederlandse economie is in de eerste drie maanden van dit jaar met 0,7 procent gekrompen ten opzichte van het kwartaal daarvoor. Daarmee doen we het slechter dan onze buurlanden, waar de economie groeit of op hetzelfde niveau blijft. In de laatste drie maanden van vorig jaar was er nog sprake van een groei van 0,4 procent.  ( 5 min )

Berichtendienst WhatsApp komt met een update waarmee je berichtjes van je geheime liefde of chats met pikante foto's kunt beveiligen. Die gesprekken kunnen alleen ontgrendeld worden met een wachtwoord, gezichtsherkenning of een vingerafdruk.  ( 3 min )

Chemiebedrijf 3M moet omwonenden van de vestiging in het Belgische Zwijndrecht een schadevergoeding van 2.000 euro betalen. Leden van een gezin bleken te veel vervuilende PFAS in hun bloed te hebben en volgens de rechter is dat de schuld van de fabriek.  ( 4 min )

Het overgrote deel van de slaapapneuapparaten die Philips wereldwijd heeft teruggeroepen, is wel degelijk veilig. Dat concludeert het concern op basis van uitgebreid onderzoek.  ( 3 min )

Veel bedrijven in de maaltijd- en flitsbezorging hebben hun zaken niet op orde. Het personeel wordt onderbetaald en er lopen bezorgers rond die te jong zijn om het werk te mogen doen. Ook is de werksituatie vaak onveilig, concludeerde de Arbeidsinspectie tijdens een grote controle bij deze bedrijven.  ( 3 min )

Veel bedrijven staan te springen om nieuw personeel. Het aantal openstaande vacatures blijft enorm en dat betekent dat de krapte op de arbeidsmarkt nog steeds erg groot is. Vooral in de handel, zakelijke dienstverlening en de zorg zijn veel mensen nodig.  ( 3 min )

Veel bedrijven staan te springen om nieuw personeel. Het aantal openstaande vacatures blijft groot en dat betekent dat de krapte op de arbeidsmarkt nog steeds erg groot is. Vooral in de handel, zakelijke dienstverlening en de zorg zijn veel mensen nodig.  ( 3 min )

U.S. equities fell on Tuesday, May 16, 2023 as Home Depot’s revenue warning raised concerns about economic growth, and as President Biden met with congressional leaders on the debt ceiling to avoid a government default.  ( 1 min )

The Dow Jones Industrial Average fell 1%, or 336 points, on a day of disappointing earnings and macroeconomic reports. Nike lost the most, while Microsoft led a small pack of gainers.  ( 1 min )

ZIM Integrated Shipping Services, Sun Country Airlines, and Evolv Technologies lead for value, growth, and momentum, respectively.  ( 1 min )

Negotiations on the debt ceiling continue and consumer spending is expected to move higher after two months of declines. Here’s what investors need to know today.  ( 1 min )

A qualified mortgage is a mortgage that meets certain requirements for lender protection and secondary market trading under the Dodd-Frank Wall Street Reform and Consumer Protection Act that was passed in 2010.  ( 21 min )

The Dow Jones Industrial Average fell 1%, or 336 points, on a day of disappointing earnings and macroeconomic reports. Nike lost the most, while Microsoft led a small pack of gainers.  ( 17 min )

You can borrow up to 85% of the equity you own via a home equity loan. In this guide, we'll show you how to calculate your maximum amount.  ( 22 min )

U.S. equities fell on Tuesday, May 16, 2023 as Home Depot’s revenue warning raised concerns about economic growth, and as President Biden met with congressional leaders on the debt ceiling to avoid a government default.  ( 17 min )

Wells Fargo agreed to pay shareholders $1 billion in damages to settle a class-action lawsuit filed against it, stemming from a fake accounts scandal that surfaced in 2016.  ( 19 min )

Keeping new clients engaged is a challenge for financial advisors. Here are some ways to get clients to open up about their financial goals.  ( 26 min )

Just 21% of Americans polled by Gallup think now is a good time to purchase a home, an all-time low.  ( 17 min )

Two polls find a majority of women say they aren't financially secure, and they worry about saving for retirement.  ( 17 min )

The American Recovery and Reinvestment Act of 2009 (ARRA) was a law passed by the U.S. Congress in response to the Great Recession of 2008.  ( 25 min )

A home mortgage is a loan given by a bank, mortgage company, or other financial institution for the purchase of a primary or investment residence.  ( 26 min )

A point spread is given by a sportsbook that determines by how many points the favorite is expected to win the game over the underdog team.  ( 23 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

The debt avalanche method pays off the high-interest debt first, and the debt snowball method focuses on paying off the smallest debt first. Learn about other differences.  ( 23 min )

Home Depot shares fell Tuesday morning after the largest U.S. home improvement retailer had its biggest quarterly sales miss in more than two decades, and cut its full-year guidance. The company has been impacted by a slowdown in demand following the boom in home renovation during the COVID-19 lockdowns.  ( 18 min )

European Union member states provided the final stamp of approval for continental rules governing cryptocurrencies, known as Markets in Crypto-Assets.  ( 17 min )

Home Depot shares are down after the largest U.S. home improvement retailer had its biggest quarterly sales miss in more than two decades, and cut its full-year guidance. The company has been impacted by a slowdown in demand following the boom in home renovation during the COVID-19 lockdowns.  ( 18 min )

Understand the laws and regulations regarding taxation of dividends, and know the rates at which dividend income is taxed for most investors.  ( 22 min )

Who’s to blame for the banking crisis? Maybe an easier question to answer is: who isn’t?  ( 18 min )

Overcontribution refers to any voluntary savings in a tax-deductible retirement plan that exceeds the maximum allowed contribution in a given period.  ( 22 min )

An online checking account can save you time and money, but understand the drawbacks before signing up to make the switch.  ( 21 min )

Split payroll is a method of paying employees who are on international assignments in which pay is divided between local and home-country currencies.  ( 19 min )

ChatGPT executive Sam Altman told Congress Tuesday that licensing could be a way to help ensure that more power artificial intelligence models adhere to safety rules.  ( 17 min )

Huntington Bank’s CD rates are very competitive for certain terms. Check out Huntington’s latest CD offer and find out how you can maximize your savings with one of the best rates in the market.  ( 19 min )

The Federal Trade Commission is suing to block Amgen Inc.'s $28 billion acquisition of Horizon Therapeutics to prevent a monopoly in the market for d.rugs that treat critical ailments  ( 16 min )

Capital One savings account interest rates are higher than average, and the bank doesn’t charge monthly maintenance fees or have a minimum deposit requirement.  ( 19 min )

Certificates of deposit (CDs) can be a great financial tool to get a guaranteed return on your investment. Compare Fidelity CD rates and see if they are right for you.  ( 19 min )

U.S. Bank CD rates are relatively high if you can meet a higher deposit requirement, but some options are unappealing. Existing customers can get personalized rates.  ( 19 min )

A nonqualified variable annuity allows you to defer taxes on your investment gains but doesn’t entitle you to a tax deduction as a qualified plan does.  ( 25 min )

Certificates of deposit (CDs) can be a great method to save money for the future. Learn about PenFed CD rates, and see if they’re a good fit for your finances.  ( 21 min )

Most national average rates climbed in April, but signs of a pullback are appearing and Federal Reserve actions indicate rates may flatten or decline in coming months.  ( 19 min )

Before you get those house keys, you’ll go to the closing table to sign loan documents and paperwork that transfers homeownership from the seller to you. That process often results in numerous fees.  ( 30 min )

ZIM Integrated Shipping Services, Sun Country Airlines, and Evolv Technologies lead for value, growth, and momentum, respectively.  ( 21 min )

Among REITs, H&R Real Estate, Two Harbors Investment, and Peakstone Realty lead for value, growth, and momentum, respectively.  ( 21 min )

Though refinancing a mortgage and taking out a home equity loan each offers a source of cash for homeowners, the similarities stop there.  ( 26 min )

Rates rose for every mortgage type, with double-digit increases in every average. Rates on 30-year loans are again near 7%, and jumbo 30-year rates are at a 12-year high.  ( 19 min )

Builder confidence for single-family homes rose five points, the fifth straight monthly increase.  ( 17 min )

Alibaba, China's most valuable retailer, is likely to report a boost in earnings per share but slow revenue growth as China's economy stumbles out of pandemic restrictions.  ( 19 min )

401(k) and IRA contribution limits are based on your age, income, and if you (or your spouse) have a plan at work. Learn about 401(k) and IRA contribution limits.  ( 26 min )

A Certified Senior Consultant was someone certified in key issues facing seniors, including government benefits, income streams, and long-term care.  ( 18 min )

Finding the right house is only half the battle. The other half is choosing the best type of mortgage. Learn how to pick a mortgage based on your needs.  ( 29 min )

The Temporary Liquidity Guarantee Program (TLGP) was created in 2008 to stabilize the U.S. banking system during the global financial crisis.  ( 23 min )

A failed break occurs when a price moves through an identified level of support or resistance but does not have enough momentum to maintain its direction.  ( 20 min )

Consumers continued to make trade-offs in their April budgets but didn't stop spending, as retail sales rose 0.4% in April after two months of declines.  ( 16 min )

Refinancing is a great way for many homeowners to improve their financial situation, but you need to be aware of the downsides.  ( 27 min )

Factors that can affect your credit score are your payment history, your credit mix, your credit utilization ratio and the length of your credit history.  ( 25 min )

The Internal Revenue Service (IRS) offers tax relief to people affected by natural disasters. What forms of tax help exist, and how do you qualify?  ( 23 min )

A subprime mortgage is normally issued to borrowers with lower credit ratings. It typically carries a higher interest rate that can increase over time.  ( 26 min )

A HELOC can be worthwhile to fund home improvements, but when used to pay for other things, it can result in bad debt.  ( 27 min )

Many banks and mortgage companies offer conventional and FHA home loans to non-U.S. citizens, if they meet specific requirements.  ( 23 min )

A refinance occurs when a business or person revises the interest rate, payment schedule, and terms of a previous credit agreement.  ( 24 min )

Negotiations on the debt ceiling continue and consumer spending is expected to move higher after two months of declines. Here’s what investors need to know today.  ( 19 min )

Pre-qualified and pre-approved sound the same, but mean very different things for homebuyers—and carry very different weights with home sellers.  ( 24 min )

Understand how rate changes can affect home prices and learn how you can keep up.  ( 26 min )

Home Depot shares are down after the largest U.S. home improvement retailer had its biggest quarterly sales miss in more than two decades, and cut its full-year guidance. The company has been impacted by a slowdown in demand following the boom in home renovation during the COVID-19 lockdowns.  ( 1 min )

Home Depot shares fell Tuesday morning after the largest U.S. home improvement retailer had its biggest quarterly sales miss in more than two decades, and cut its full-year guidance. The company has been impacted by a slowdown in demand following the boom in home renovation during the COVID-19 lockdowns.  ( 1 min )

Judd and Laura Zebersky joined Warren Buffett's empire after Berkshire Hathaway acquired their parent company last October.  ( 39 min )

Delaware’s Supreme Court on Monday overturned a judge’s ruling upholding a decision by state officials to prohibit electric vehicle maker Tesla from selling its cars directly to customers. In a ruling last year, a Superior Court judge determined that Delaware's Motor Vehicle Franchising Practices Act prohibited Tesla, as a manufacturer, from selling its electric cars directly to customers in Delaware. The Supreme Court reversed that decision and sent the case back to Superior Court, noting that the franchise act was enacted to address the disparity in bargaining power that permitted automobile manufacturers to exert economic pressure over their franchises.  ( 40 min )

(Bloomberg) -- Google co-founder Sergey Brin gifted Alphabet Inc. shares worth roughly $600 million on Thursday during a week that saw his wealth grow by the most in over two years.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapMicrosoft’s $69 Billion Activision Deal Wins EU ApprovalRemote Work Comes With Daytime Drug and Drinking Habits  ( 39 min )

Electric vehicles (EVs) have been dominating headlines due to the convergence of social, cultural, and political forces driving a shift from conventional combustion-powered cars to zero-emission vehicles. This shift has sparked a surge in government programs and spending designed to quickly expand the infrastructure needed to support a growing fleet of EVs. In return, we are also seeing enormous growth in EV manufacturers. The infrastructure support is substantial. Cantor senior analyst Andres S  ( 42 min )

The Oracle of Omaha has made it clear that he is still cautious about holding many bank stocks.  ( 40 min )

(Bloomberg) -- Billionaire investing titans Stanley Druckenmiller and David Tepper loaded up on stocks benefiting from the artificial intelligence boom during the first quarter. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryS&P ETF Barely Budges on Yellen’s Late-Day Notice: Markets WrapRemote Work Comes With Daytime Drug and Drinking HabitsMicrosoft’s $69 Billion Activision Deal Wins EU ApprovalDru  ( 40 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Stocks moving in after-hours: Berkshire Hathaway, Capital One, Beam, Tesla  ( 40 min )

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The U.S. Virgin islands subpoenaed Tesla Inc CEO Elon Musk in its litigation into the role played by JPMorgan Chase & Co in the activity of sex offender Jeffrey Epstein, according to a Monday court filing.  ( 38 min )

Home Depot is expected to report its fiscal first quarter 2023 earnings results Tuesday before market open as consumer spending on home improvement softens compared to the pandemic boom.  ( 40 min )

Berkshire Hathaway's 13F is out. Warren Buffett's company trimmed its stakes in Chevron, McKesson, Activision Blizzard, General Motors, AON, Ally Financial, Amazon.com and Celanese in the first quarter, the filing showed. Berkshire also eliminated its positions in RH, the home-furnishings compa  ( 18 min )

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Kidde-Fenwal Inc, a subsidiary of Carrier Global Corp that specializes in fire control systems, filed for bankruptcy on Sunday, as it buckles under the weight of lawsuits alleging that "forever chemicals" in its firefighting foam products have contaminated water sources around U.S. airports and military bases. Kidde-Fenwal filed for Chapter 11 protection in Delaware bankruptcy court. Since 2016, Kidde-Fenwal has been named as a defendant in more than 4,400 lawsuits filed by local governments, companies and individuals, claiming that aqueous film forming foam (AFFF) products contaminated drinking water and soil with perfluoroalkyl and polyfluoroalkyl substances, known as PFAS or "forever chemicals."  ( 39 min )

People with units of the pipeline operator will be fully taxed on the entire cash-and-stock deal, so much of their gains will go to Uncle Sam.  ( 22 min )

Natural gas pipeline operator ONEOK agreed to buy Magellan Midstream Partners, L.P. for $18.8 billion.  ( 17 min )

C3.ai jumps after the artificial intelligence company raised its outlook amid 'accelerating' AI interest  ( 40 min )

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(Bloomberg) -- Icahn Enterprise LP’s disclosure of a May 3 inquiry from federal prosecutors in New York sent the company’s shares reeling, but it’s far from the first time Carl Icahn has faced a government probe.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryRemote Work Comes With Daytime Drug and Drinking HabitsChina Jails 78-Year-Old American for Life on Spying ChargesStocks See Small Moves in Run  ( 42 min )

The investor who gained fame for his short bets during the 2008 financial crisis made a number of new investments in banks during a chaotic quarter for that industry.  ( 41 min )

The delinquency transition rate for credit cards—the share of credit card debt that is 30 days or more past due— is approaching pre-pandemic levels. That's not great news.  ( 40 min )

You’ve probably heard the old market adage to “Sell in May and go away.” Instead, how about using this time to start considering dividend-paying ETFs? There’s no time like the present to start building a dividend portfolio that can set you up with years of passive income. Here are two big dividend ETFs that both yield over 11% that you can consider using to jumpstart your dividend portfolio. Even better, while some high-yield ETFs lure investors in with eye-popping yields but then end up providi  ( 42 min )

Tesla Chief Executive Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, the Information reported on Monday, citing an email to staff. According to the report, Musk told executives to send him a list of hiring requests on a weekly basis, while also cautioning them to "think carefully" before submitting such requests. Tesla did not immediately respond to a Reuters request for comment.  ( 38 min )

(Bloomberg) -- Famed short-seller Michael Burry took big stakes in regional banks during the first quarter, including the failed lender First Republic before it was bought up by JPMorgan Chase & Co. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan Falls Just Short of VictoryRemote Work Comes With Daytime Drug and Drinking HabitsChina Jails 78-Year-Old American for Life on Spying ChargesHis hedge fund, Scion Asset Management, sn  ( 38 min )

Follow Buffett’s lead to build a portfolio of dividend-paying stocks.  ( 40 min )

The debt ceiling is plainly unconstitutional and a nuclear weapon in the hands of willful children. It's time to ignore it.  ( 42 min )

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Hedge fund manager Michael Burry, who rose to fame with his bets against the U.S. housing market before the 2008 financial crisis, added new positions in several regional banks during a tumultuous first quarter for the sector, according to securities filings released on Monday. Burry's Scion Asset Management’s positions included 150,000 shares in First Republic Bank, 250,000 shares in PacWest Bancorp, 850,000 shares in New York Community Bancorp, and 125,000 shares of Western Alliance Bancorp , filings showed. First Republic collapsed May 1, making it the largest bank failure since the 2008 financial crisis.  ( 39 min )

The chief executive disclosed on Tuesday about $220,000 of SoFi stock purchases made by his wife Kristin Noto from August 2021 through this May.  ( 23 min )

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Analysts expected energy company Oneok to make a big deal. They didn’t expect this one. The company on Sunday announced that it agreed to merge with Magellan Midstream Partners in a deal  ( 19 min )

Chief Strategy Officer and Executive Vice President Rima Qureshi will assume responsibility for Verizon’s marketing team on an interim basis.  ( 27 min )

Elon Musk and Warren Buffett are talented in their own right. One is a serial entrepreneur who co-founded Tesla Inc., revolutionized the electric car industry and is sending rockets into space. The other is an investing legend who has helped Berkshire Hathaway Inc. shareholders generate extraordinary returns for decades. At Berkshire’s latest annual shareholders meeting, Buffett spoke highly of the Tesla CEO. “Elon is a brilliant, brilliant guy,” Buffett said. “He dreams about things, and his dr  ( 41 min )

Most of Western Digital flash-memory chips are produced by the company's joint venture with Japan-based Kioxia.  ( 23 min )

Michael Vale's termination went into effect May 12, according to a statement released from the company.  ( 38 min )

WASHINGTON (AP) — 3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced on Monday. Vale was promoted to group president and chief business and country officer just last month. Vale worked at 3M for more than 30 years, according to an April 25 press release announcing his promotion, which said he would report to Chairman and CEO Mike Roman.  ( 38 min )

Despite the signoff from European regulators, Microsoft still faces objections from the U.S. and U.K.  ( 22 min )

The Warren Buffett-led company might have been a seller of Bank of New York and U.S. Bancorp in the first quarter.  ( 23 min )

Traders are skeptical of pipeline operator Oneok's roughly $14 billion deal to buy smaller rival Magellan and create the second-largest U.S.-based midstream company by stock-market value. Why that might be: The  ( 19 min )

PacWest and other regional banks are starting the week with gains after selling off last week. Regional bank stocks have been volatile since the banking turmoil that erupted in March. PacWest shares hav  ( 18 min )

Stand-alone dental insurance often has limits of $1,000 to $2,000 worth of coverage a year, meaning patients still end up paying for most of the costs on expensive procedures.  ( 34 min )

The EU approval complicates the path forward for the tie-up weeks after regulators in the US rejected the same plan.  ( 40 min )

The broker's shares were upgraded to Outperform from Market Perform at Raymond James.  ( 26 min )

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Automaker Stellantis has stopped all construction at a more-than C$5 billion ($3.74 billion) electric vehicles battery manufacturing plan in Windsor, Canada over a disagreement with the federal government about subsidies, a spokesperson for the company said on Monday.  ( 38 min )

The takeover would cement Newmont’s position as the world’s largest producer of gold, while also increasing its exposure to copper, a metal key to the global transition to cleaner energy.  ( 26 min )

The financial services company could be “nearing a tipping point” on the fee income it recognizes from loan applications and sales, warning the fee income could decline significantly, Wedbush analysts said.  ( 25 min )

The average American spends 13 hours and $250 each year to file their taxes, the IRS says.  ( 23 min )

The broker's shares were upgraded to Outperform from Market Perform at Raymond James.  ( 22 min )

The artificial-intelligence software provider forecast higher revenue and a lower operating loss in its fourth quarter than previously guided.  ( 22 min )

U.S. stock futures edged higher ahead of the open on Monday as investors took hope that lawmakers can reach a deal in the debt-ceiling standoff.  ( 40 min )

Cathie Wood has built a reputation as one willing to bet on disruptive tech and potential game-changing stocks. It’s a strategy the ARK Invest CEO has stuck to whether her choices have easily outperformed the market – as was the case during the pandemic – or badly trailed it – as happened last year. So far, this year, Wood’s flagship fund, the ARK Innovation ETF, has done rather well, showing year-to-date gains of a market-beating 24% although the ETF still remains some distance off the highs no  ( 42 min )

Kioxia Holdings Corp and Western Digital Corp (NASDAQ: WDC) accelerated merger talks have progressed towards a deal as plunging market demand and oversupply of chips weighed on the companies. Kioxia would have a 43% stake and Western Digital a 37% ownership under the deal, Reuters cites familiar sources. Combining their flash memory businesses could boost competitiveness against rivals like South Korea's Samsung Electronics Co, Ltd (OTC: SSNLF). The planned merger will also likely draw anti-trus  ( 39 min )

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Is it worth paying a financial advisor to manage retirement funds if you are confident in your own financial investment strategies? I feel like I have a solid understanding of long-term investment strategies. And as such, I feel the roughly … Continue reading → The post Ask an Advisor: I Have a ‘Solid Understanding' of Investment Strategies. So Why Should I Pay 1% to a Financial Advisor? appeared first on SmartAsset Blog.  ( 41 min )

The merger diversifies Oneok's operations from primarily natural gas into oil and refined products.  ( 23 min )

Most people's income comes as the direct result of work - you get a job, show up, hopefully perform decently well and then money shows up in your bank account. Some people, though, look to set up streams of passive … Continue reading → The post Passive Income: How Is It Taxed? appeared first on SmartAsset Blog.  ( 41 min )

Is it time for tech stocks to take a breather?  ( 41 min )

I am 81 years old. I have a home mortgage balance of $118,300. I also have a $110,000 rollover individual retirement account (IRA) invested with a bank. Should I withdraw the money from my investment and put the money to … Continue reading → The post Ask an Advisor: I'm 81, Have a $118K Mortgage and a $110K IRA. Should I Withdraw From My Investments to Pay off My Mortgage? appeared first on SmartAsset Blog.  ( 40 min )

Michael Vale has worked for the company for more than 30 years.  ( 24 min )

If you're going to the bank for a loan, you might think it would be easier as a millionaire. However, when it comes to high-net-worth lending, more money can mean more problems if the individual doesn't have conventional income or … Continue reading → The post How Does High-Net-Worth Lending Work? appeared first on SmartAsset Blog.  ( 41 min )

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The financial services company could be “nearing a tipping point” on the fee income it recognizes from loan applications and sales, warning the fee income could decline significantly, Wedbush analysts said.  ( 22 min )

(Bloomberg) -- Trillions of dollars stowed away in short-term US Treasuries are looking anything but safe as the debt ceiling deadline edges closer. That’s prompted an ETF giant to warn that one of the year’s hottest haven trades could be about to unwind — and throw beleaguered regional banks a lifeline.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Goes to Runoff Vote as Erdogan Falls Short of 50% MarkRemote Work Comes With Daytime Drug and Drinking  ( 40 min )

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You’ve likely heard the Wall Street saying, Sell in May and go away. Turns out, there’s some truth to it.  ( 40 min )

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Debt ceiling takes center stage as Biden prepares for G-7, Turkey’s Erdogan fails to clinch victory, EV start-ups forecasting disappointing targets, and other news to start your day.  ( 22 min )

Google, Microsoft and other big techs are slowing capital spending while also launching generative AI services that require the most expensive chips.  ( 26 min )

(Bloomberg) -- Media upstart Vice Media LLC and home security company Monitronics International Inc. were among at least seven firms filing for US Chapter 11 bankruptcy protection in the past 24 hours as companies feel the crunch from a year of interest hikes.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsTurkey Poised for Vote Runoff as Erdogan Ballots Fall ShortChina Jails 78-Year-Old American for Life  ( 40 min )

As talks over raising the U.S. government's $31.4 trillion debt ceiling intensify, Wall Street banks and asset managers have begun preparing for fallout from a potential default. The financial industry has prepared for such a crisis before, most recently in September 2021. Citigroup CEO Jane Fraser said this debate on the debt ceiling is "more worrying" than previous ones.  ( 39 min )

NeoGames stock more than doubles after the company reaches an agreement to be acquired by Australia's Aristocrat Leisure.  ( 25 min )

Companies such as TurboTax are leaning on lawmakers to fight a change.  ( 26 min )

Newmont reaches a deal to acquire Australian gold and copper miner Newcrest Mining for $17.5 billion, while Oneok will be buying Magellan Midstream Partners in a cash-and-stock deal with a value of about $18.8 billion including debt.  ( 23 min )

(Bloomberg) -- Traders were bracing for more volatility in the Turkish lira as early vote tallies in the presidential election appeared headed to a runoff in two weeks, adding more pressure on the tightly-controlled currency. Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpJeffrey Epstein Keeps Haunting Wall Street Long After Hi  ( 40 min )

The merger diversifies Oneok's operations from primarily natural gas into oil and refined products.  ( 23 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 23 min )

(Bloomberg) -- Global investors seeking to trade China’s reopening will have a new strategic tool from Monday: onshore interest-rate swaps that had an annual turnover of $3 trillion last year.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpJeffrey Epstein Keeps Haunting Wall Street Long After His DeathThe so-called Swap Connect  ( 40 min )

Stock futures advanced to start a new week of trading, with developments on the looming U.S. debt ceiling in focus alongside a trickle of economic data and remarks from central bank officials due in the coming days. Futures for the Dow Jones Industrial Average rose 140 points, or 0.4%, after the in  ( 30 min )

The takeover would cement Newmont’s position as the world’s largest producer of gold, while also increasing its exposure to copper, a metal key to the global transition to cleaner energy.  ( 23 min )

(Bloomberg) -- Morgan Stanley’s Michael Wilson — among the most bearish voices on Wall Street — expects the debate around raising the US government’s $31.4 trillion borrowing limit to trigger some sharp swings in equity markets.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsSea’s Path to Profit Paved With Layoffs, Single-Ply Toilet PaperJeffrey Epstein Keeps Haunting Wall Street Long After His DeathMost  ( 39 min )

British American Tobacco appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years. Marroco has been with the tobacco firm since 1992 and was appointed to the board in 2019. Director Javed Iqbal will be interim finance director while the group looks for a permanent replacement for Marroco, the company said.  ( 37 min )

(Bloomberg) -- Vice Media LLC filed for bankruptcy protection, punctuating a relatively rapid decline for the media upstart that once boasted a $5.7 billion valuation.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpJeffrey Epstein Keeps Haunting Wall Street Long After His DeathThe Brooklyn-based company listed both assets and li  ( 38 min )

Kioxia Holdings Corp and Western Digital Corp are speeding up merger talks and nailing down a deal structure, two sources with direct knowledge of the matter said, as a slumping flash memory market puts fresh consolidation pressure on the world's No. 2 and No. 4 players. Japan's Kioxia and U.S. chipmaker Western Digital have been hit hard by plunging market demand and oversupply. Combining their flash memory businesses could boost competitiveness against rivals like South Korea's Samsung Electronics.  ( 40 min )

Banking regulators have been pushed by market volatility in recent weeks into doing things that they haven't really wanted to do, like letting the largest U.S. bank get even bigger. Take the case of the Federal Deposit Insurance Corp (FDIC), one of the main banking regulators. In a December 2021 statement, Chairman Martin Gruenberg said the sale of some troubled banks to the likes of JPMorgan Chase & Co during the financial crisis of 2008 had arguably "increased long-term financial stability risk."  ( 39 min )

(Bloomberg) -- Pressure is mounting for China’s dollar bond defaulters to present disgruntled creditors concrete restructuring plans, as another firm that has failed to do so now faces court-ordered liquidation.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsJeffrey Epstein Keeps Haunting Wall Street Long After His DeathTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpDangdai  ( 38 min )

Asian shares were mostly lower Monday, dogged by persisting worries over a possible recession and the risk of a default on the U.S. national debt. U.S. futures and oil prices also fell. This week will bring major updates on the Chinese and Japanese economies.  ( 41 min )

Bitcoin prices rose on Monday morning in Asia to above US$27,000. Ether managed to rise above the US$1,800 support level as Litecoin leads gainers.  ( 39 min )

The major energy deal will combine Oneok and Magellan, forming the second-largest U.S.-based pipeline company by stock-market value.  ( 26 min )

(Bloomberg) -- US stock futures declined and the dollar traded in tight ranges versus major peers as investors weighed signs of progress in talks to avert a debt default and persistent inflationary pressure. Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpMuch of the act  ( 40 min )

Oil prices slipped on Monday as concerns about fuel demand at top global oil consumers U.S. and China offset optimism about tightening supplies from any OPEC+ cuts and a resumption in U.S. buying for reserves. Brent crude futures fell 43 cents, or 0.6%, to $73.74 a barrel by 0130 GMT while U.S. West Texas Intermediate crude was at $69.67 a barrel, down 37 cents, or 0.5%. "Oil prices are still under pressure on sluggish demand outlooks as China’s economic reopening progress seems bumpy," CMC Markets analyst Tina Teng said, adding that the U.S. banking rout has also caused market jitters.  ( 39 min )

(Bloomberg) -- Oil held a fourth weekly loss as concerns over the US economy and China’s slower-than-expected recovery weighed on the outlook.Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpWest Texas Intermediate futures traded near $70 a barrel after the longest run of  ( 39 min )

China's central bank rolled over maturing medium-term policy loans while keeping interest rates unchanged on Monday, matching market expectations. The People's Bank of China (PBOC) said it was keeping the rate on 125 billion yuan ($18.08 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.75% from the previous operation. In a Reuters poll of 30 market watchers conducted last week, 26 participants, or 86.7%, predicted no change to the MLF rate, while four respondents expected a marginal rate cut.  ( 37 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

(Bloomberg) -- The risk of a US debt default is greater than it’s ever been, threatening to tip global markets into a brand-new world of pain. For investors, there are few places to hide other than the oldest hedge in the book: gold.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier  ( 41 min )

Warren Buffett's Berkshire Hathaway shook up its bank holdings last quarter, adding Capital One and exiting positions in two other major lenders amid banking sector turmoil.  ( 16 min )

Personal loan rates dropped again for a third week in a row, lowering the overall average by 28 basis points.  ( 17 min )

Credit bureaus make money by acting as information brokers for consumer credit histories, selling their services to banks, mortgage lenders, retailers, and more.  ( 22 min )

Intel rebounds from a last week’s fall, while Verizon’s 2% drop is the worst of the Dow  ( 17 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

A judgment is a court decision adjudicating a dispute between two parties by determining the rights of each party. Read how monetary judgments work.  ( 24 min )

There are many methods used by the government to control inflation; one popular method is contractionary monetary policy.  ( 26 min )

U.S. equities made small advances on Monday, May 15, 2023 on optimism about the debt ceiling negotiations, and new economic data coming this week  ( 16 min )

Environmental, social, and governance (ESG) investing is growing in popularity. See some tips for discussing ESG opportunities with your clients.  ( 29 min )

Americans have more debt than ever, and more people are falling behind on paying it.  ( 16 min )

Natural gas pipeline operator ONEOK agreed to buy Magellan Midstream Partners, L.P. for $18.8 billion.  ( 16 min )

Three Fed bank presidents weighed in on the future of interest rates and inflation, with Atlanta Fed President Raphael Bostic saying he doesn't see an interest rate cut this year.  ( 18 min )

There are numerous low-down-payment mortgage options out there, but sometimes it makes sense to build up your savings so you can borrow less.  ( 21 min )

DISH Network, Warner Bros. Discovery, and Opera lead the industry for best value, fastest growth, and most momentum, respectively.  ( 21 min )

Target, the nation’s seventh-largest retailer by revenue, will likely say earnings fell 20% in the first quarter amid a slowdown in comparable store sales and discretionary spending.  ( 17 min )

If you’re a first-time homebuyer, the options for borrowing can be exponential and potentially overwhelming. Here are some home financing basics.  ( 32 min )

H&R Block (HRB) shares are sinking as the Internal Revenue Service (IRS) is set to release a report this week about plans to offer free online tax filings on its website.  ( 15 min )

If you’re serious about buying a home, you need to get pre-approved for a mortgage. Learn what is required so you can speed up the approval process.  ( 38 min )

This week’s cryptocurrencies to keep an eye on are Kava (KAVA), Bitcoin SV (BSV), Lido DAO (LDO), Rocket Pool (RPL), and Litecoin (LTC).  ( 19 min )

Tesla Inc. will host some shareholders at its Austin, Texas gigafactory for its annual general meeting this week, amid speculation over Elon Musk's succession planning.  ( 16 min )

Golden hammer refers to an excessive dependence upon a specific tool to perform many different functions.  ( 18 min )

A younger generation of financial advisors is ready to make their mark on the industry. Here's how they can set themselves apart.  ( 23 min )

Microsoft's purchase of Activision Blizzard, which was blocked by U.K. regulators last month, is the biggest consumer tech acquisition in more than two decades.  ( 18 min )

Common stock owners have numerous privileges and should be vigilant in monitoring a company. Read on to learn what rights you have as a shareholder.  ( 25 min )

There aren’t many houses for sale, and that’s partly because of the 14 million mortgage holders who took advantage of ultra-low interest rates in 2020 and 2021.  ( 18 min )

Tsakos Energy Navigation, Dorian LPG, and TORM are the top oil tanker stocks for best value, fastest growth, and most momentum, respectively.  ( 21 min )

JC Parets of AllStarCharts rejoins The Express to help us find where the bulls are running across the entire global stock market, and shares his favorite wines for the Spring season.  ( 15 min )

Cemex, Albermarle, and Patriot Battery lead for value, growth, and momentum, respectively  ( 20 min )

Newmont, the world’s largest gold mining company, acquired Australian rival Newcrest Mining Ltd. for $19.2 billion in the industry’s biggest deal to date.  ( 16 min )

Learn about common metrics used in risk measurement and how to use risk management techniques to assess the risk associated with an investment.  ( 24 min )

Most mortgage averages moved slightly up, after two days of decline. The movement was minor for most loan types, though jumbo 30-year rates rose a full eighth of a point.  ( 20 min )

A furnisher is a company that provides information about a consumer, including credit history, to a credit bureau. Learn how furnishers work.  ( 21 min )

The Equal Credit Opportunity Act (ECOA) is a federal civil rights law that forbids lenders to deny credit to an applicant based on any factor unrelated to the person's ability to repay.  ( 26 min )

President Biden looks to meet Tuesday with congressional leaders on the debt ceiling and Newmont agrees to buy Newcrest in the largest gold-mining deal ever. Here’s what investors need to know today.  ( 18 min )

Working capital, or net working capital (NWC), is a measure of a company’s liquidity, operational efficiency, and short-term financial health.  ( 28 min )

“Chattel mortgage non-filing insurance” refers to a type of insurance product purchased by chattel mortgage providers and other financial firms.  ( 18 min )

Finance is the study and management of money, investments, and other instruments. Learn about the basics of public, corporate, and personal finance.  ( 37 min )

An emerging market fund invests the majority of its assets in securities from countries with economies that are considered to be emerging.  ( 20 min )

Basis differential is the difference between the spot price of a commodity to be hedged and the futures price of the contract used.  ( 18 min )

Intel rebounds from a last week’s fall, while Verizon’s 2% drop is the worst of the Dow  ( 1 min )

U.S. equities made small advances on Monday, May 15, 2023 on optimism about the debt ceiling negotiations, and new economic data coming this week  ( 1 min )

President Biden looks to meet Tuesday with congressional leaders on the debt ceiling and Newmont agrees to buy Newcrest in the largest gold-mining deal ever. Here’s what investors need to know today.  ( 1 min )

Veel bedrijven staan te springen om nieuw personeel. Het aantal openstaande vacatures blijft hoog en dat betekent dat de krapte op de arbeidsmarkt nog steeds erg groot is. Vooral in de handel, zakelijke dienstverlening en de zorg zijn veel mensen nodig.  ( 3 min )

De Nederlandsche Bank (DNB) heeft de afgelopen maand voor bijna 15 miljard euro aan goud, munten en bankbiljetten verhuisd naar een opslag in Zeist, meldt de centrale bank maandag. Daar bevindt zich sinds kort het nieuwe zogenoemde DNB Cashcentrum.  ( 4 min )

De Raad van State heeft stevige kritiek op de begrotingsplannen van het kabinet. De belangrijkste adviseur van het kabinet waarschuwt dat het kabinet met de forse uitgaven "dicht langs de vangrail" stuurt. "Er zijn daardoor geen buffers voor het opvangen van eventuele financiële tegenvallers."  ( 5 min )

De twee te bouwen lng-terminals voor de kust van het Duitse Rügen worden bijna de helft kleiner. De capaciteit van 18 miljard kubieke meter is niet meer noodzakelijk nu de energietekorten zijn afgewend. Ook was er protest tegen de drijvende terminals.  ( 3 min )

Windmolens op zee bij Borssele en Egmond aan Zee hebben zaterdag vier uur lang stilgestaan omdat massale vogeltrek boven de Noordzee was voorspeld. Zo hadden de vogels een veiligere doortocht, zegt minister Rob Jetten (Klimaat en Energie). Deze stap zou wereldwijd voor het eerst zijn gezet.  ( 4 min )

Xbox-maker Microsoft mag van de Europese Commissie gamesbedrijf Activision Blizzard overnemen. Toch blijft het nog maar de vraag of de overname kan doorgaan; het is onzeker of de autoriteiten in het Verenigd Koninkrijk en de Verenigde Staten ook akkoord gaan met de grootste overname ooit in de gamesindustrie.  ( 4 min )

De Europese Commissie beslist waarschijnlijk in de komende dagen of Microsoft Call of Duty-ontwikkelaar Activison Blizzard mag overnemen. Maar zelfs met Europese toestemming staat de grootste overname ooit in de game-industrie op losse schroeven.  ( 5 min )

Het Bundeskartellamt gaat onderzoeken of een aantal Duitse energieleveranciers misbruik heeft gemaakt van het prijsplafond bij de oosterburen. Mogelijk dat de leveranciers meer subsidie hebben gevraagd dan waar ze recht op hadden. De toezichthouder sluit niet uit dat er meer onderzoeken volgen.  ( 3 min )

De Europese economie zal meer groeien dan verwacht, volgens de Europese Commissie. Het dagelijks EU-bestuur rekent op een groei van 1,1 procent in plaats van 0,9 procent. Daarmee zakt de angst voor een recessie verder weg.  ( 4 min )

Klanten van Vattenfall met een variabel contract krijgen vanaf 1 juli tarieven die onder het prijsplafond liggen. Eerder verlaagden andere leveranciers, waaronder Eneco en Essent, hun tarieven ook al tot onder die grens.  ( 4 min )

Vice Media heeft faillissementsbescherming aangevraagd. Het gaat om uitstel van betaling. Op deze manier probeert het Canadees-Amerikaanse mediabedrijf de verkoop aan een groep schuldeisers te vergemakkelijken.  ( 3 min )

Vice Media heeft faillissementsbescherming aangevraagd. Het gaat om uitstel van betaling. Op deze manier probeert het Canadees-Amerikaanse mediabedrijf de verkoop aan een groep schuldeisers te vergemakkelijken.  ( 2 min )

Vanaf 1 juni gelden nieuwe regels voor het opzeggen van een vast energiecontract. Dit betekent dat consumenten die een nieuw vast contract tekenen goed moeten opletten. Het wordt namelijk flink duurder om dat voortijdig op te zeggen.  ( 3 min )

De aandelenbeurs in Istanboel is maandagochtend meer dan 6 procent gezakt. Dat komt door de onduidelijkheid over de toekomst van het land, nu er nog geen duidelijke winnaar is bij de Turkse presidentsverkiezingen.  ( 2 min )

De Argentijnse regering wil met een pakket maatregelen de inflatie van maar liefst 109 procent bestrijden. Zo gaat de rente verder omhoog, moet de eigen valuta worden ondersteund en wil het Zuid-Amerikaanse land nieuwe deals maken met schuldeisers.  ( 3 min )

De energiemarkt krabbelt op, maar dat heeft ook minder leuke kanten. Consumenten moeten namelijk oppassen voor de agressieve en misleidende manier waarop energieleveranciers nieuwe klanten proberen te werven.  ( 3 min )

Linda Yaccarino volgt Elon Musk op als hoogste baas van Twitter, een half jaar nadat hij het sociale medium heeft gekocht. Ze is een grote naam in de wereld van de tv-reclame en belichaamt twee dingen waar Musk een hekel aan heeft: reguliere media en reclame.  ( 4 min )

Directeur Klaas Knot van De Nederlandsche Bank waarschuwt voor een loon-prijsspiraal als de lonen te veel doorstijgen. Wat is dit precies?  ( 3 min )

De energietoeslag voor studenten blijft een heikel punt voor gemeenten. Studenten slepen gemeentes voor de rechter, vaak met succes. Wat is er aan de hand en komt er nog een échte oplossing?  ( 5 min )

Natural gas pipeline operator ONEOK agreed to buy Magellan Midstream Partners, L.P. for $18.8 billion.  ( 1 min )

H&R Block (HRB) shares are sinking as the Internal Revenue Service (IRS) is set to release a report this week about plans to offer free online tax filings on its website.  ( 1 min )

Tesla Inc. will host some shareholders at its Austin, Texas gigafactory for its annual general meeting this week, amid speculation over Elon Musk's succession planning.  ( 1 min )

Microsoft's purchase of Activision Blizzard, which was blocked by U.K. regulators last month, is the biggest consumer tech acquisition in more than two decades.  ( 1 min )

Newmont, the world’s largest gold mining company, acquired Australian rival Newcrest Mining Ltd. for $19.2 billion in the industry’s biggest deal to date.  ( 1 min )

The statute of frauds is a legal concept that stipulates that certain types of contracts must be executed in writing to be valid.  ( 23 min )

The Wilcoxon test, which refers to either the rank sum test or the signed rank test, is a nonparametric test that compares two paired groups.  ( 19 min )

Learn the values of futures contracts and the initial margin a trader must place in an account to open a futures position as well as maintenance margin.  ( 18 min )

Offering a comprehensive suite of financial services can bring in business, but coordination and customization are key to success and customer retention.  ( 20 min )

Competitive devaluation is a series of currency depreciation that nations resort to in tit-for-tat moves to gain an edge in international export markets.  ( 25 min )

The prime rate is the interest rate that commercial banks charge their most creditworthy customers.  ( 25 min )

Human resources (HR) is the company department charged with finding, screening, recruiting, and training job applicants, as well as administering benefits.  ( 21 min )

The Federal Open Market Committee (FOMC) is the branch of the Federal Reserve System that determines the direction of monetary policy.  ( 25 min )

EBITA is a measure of a company’s real performance. It can be more informative than bottom-line earnings.  ( 22 min )

Additional insured is a type of status associated with general liability insurance that provides coverage to other individuals/groups not initially named.  ( 24 min )

Bank failure is the closing of an insolvent bank by a federal or state regulator. Learn what causes a bank failure and about examples of bank failures.  ( 23 min )

Bitcoin passed its 10th anniversary in 2018 and reached a record price in 2021. Still, the assessments of the cryptocurrency's impact in the last decade have mostly been negative. Is Bitcoin useless?  ( 22 min )

A target rate is a key interest rate that a central bank targets to guide monetary policy.  ( 22 min )

You can get the maximum credit score by taking steps to reduce your debt and prove you can make payments reliably. Learn how lenders interpret credit scores.  ( 25 min )

Insolvency is a situation in which an individual or company cannot pay off bills and debts. Learn about the insolvency process, how it works, and how to avoid it.  ( 24 min )

Enel Chile, Altus Power, and Genie Energy lead for value, growth, and momentum, respectively  ( 19 min )

Checkout at the grocery store is finally getting a less painful as inflation starts to abate—unless you need baby formula.  ( 16 min )

Owners’ equivalent rent (OER) is the amount of rent that would need to be paid to substitute a currently owned house as a rental property.  ( 20 min )

Find out the companies that made the list of the 10 biggest startups by valuation, according to a recent report published by Recode.  ( 21 min )

Alternative dispute resolution (ADR) is, in an insurance sense, a number of disparate processes used by insurers to resolve claims and contractual disputes.  ( 23 min )

(Bloomberg) -- Just over a year ago, Forrest Li was laid up in bed with Covid, fretting about the future of his company, Sea Ltd. So he propped himself up on a pillow to hammer out the latest in a series of memos that would change the course of his business — and perhaps the tech industry.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Chan  ( 43 min )

(Bloomberg) -- Newmont Corp. agreed to buy Newcrest Mining Ltd. in a deal worth about A$28.8 billion ($19.2 billion) including debt, consolidating the US miner’s status as the world’s biggest gold producer.Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpNewcrest holders  ( 40 min )

ONEOK Inc agreed to buy Magellan Midstream Partners in a cash and stock deal valued at around $18.8 billion including assumed debt to diversify in the midstream oil and gas industry, the company said on Sunday. ONEOK will pay $25 and 0.6670 shares of ONEOK common stock for each outstanding Magellan common unit. The deal is expected to be accretive to earnings per share beginning in 2024, with EPS accretion of 3% to 7% per year from 2025 through 2027, ONEOK said in a statement.  ( 38 min )

The deal would be the largest ever in the gold-mining industry.  ( 26 min )

(Bloomberg) -- Energy infrastructure company Oneok Inc. will buy Magellan Midstream Partners L.P. in a cash-and-stock transaction valued at around $18.8 billion including assumed debt, according to a joint statement.Most Read from BloombergTurkey Latest: Erdogan Vote Below 50% Needed to Win ElectionRemote Work Comes With Daytime Drug and Drinking HabitsEarly Vote Count Shows Erdogan Below 50% in Turkish ElectionTrump Changed GOP Rules to Make Winning the Nomination Even Easier — for TrumpEach Ma  ( 39 min )

Weak consumer sentiment is weighing on stocks despite signs that inflation was easing and expectations the Federal Reserve will pause on more interest rate increases when it meets in June.  ( 22 min )

If you’re going to be forever known for one thing, being the ‘man who broke the Bank of England’ is a description many would sign up for. That is how George Soros is regularly introduced, and the story involves how he bet against the British Pound in 1992 and pocketed $1 billion from the trade in a single day. Of course, Soros’ legendary reputation does not rest solely on that headline-grabbing act, and the billionaire investor has had a decades-long career of almost unmatched investing success.  ( 42 min )

In a letter seen by The Wall Street Journal, Republican attorneys general say the bank closed accounts and asked questions before reinstating them.  ( 39 min )

RBC Capital Markets said "in the near term, we believe gold looks like the best hedge in the more immediate offing."  ( 40 min )

Autonomous trucking software developer TuSimple will disappear from the Nasdaq on Monday as it is delisted for financial filings failure. The post TuSimple stock delisted from Nasdaq due to unfiled financial reports appeared first on FreightWaves.  ( 40 min )

First-quarter earnings from Home Depot, Cisco Systems, Take-Two, Target, Walmart, Alibaba, Applied Materials, Ross Stores, and Deere. Plus, retail sales and leading economic index.  ( 23 min )

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The U.S. Treasury could run out of cash as soon as early June. That could deliver a big hit to the housing market.  ( 40 min )

Bitcoin high priest and MicroStrategy chair Michael Saylor predicts the number one cryptocurrency “will chop its way up—with volatility—forever.”  ( 40 min )

Bitcoin passed its 10th anniversary in 2018 and reached a record price in 2021. Still, the assessments of the cryptocurrency's impact in the last decade have mostly been negative. Is Bitcoin useless?  ( 22 min )

One upshot to exit packages if you've been laid off: It may be possible to negotiate an even better severance agreement than what is initially offered.  ( 39 min )

It's going to be another busy week for investors as regional banks continue to wobble, the debt ceiling looms and economic data flows. Corporations are also hosting annual meetings.  ( 41 min )

(Bloomberg) -- Tiger Global Management is seeking to offload hundreds of millions of dollars worth of private companies into the secondary market, according to people with knowledge of the matter. Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyTurkey Latest: Polls Close, Count Begins in Knife-Edge ElectionG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Russian Nuclear Company The West  ( 38 min )

(Bloomberg) -- The fear-driven selloff that’s cut the stock-market values of some banks in half may look like a perfect chance to buy the dips. If only they’d stop falling. Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Russian Nuclear Company The West Can't Live WithoutBiden Says Debt Talks Move Along as Parties Discuss ChangesAs shares  ( 41 min )

(Bloomberg) -- Argentina is preparing a set of emergency measures, including raising its key interest rates by 600 basis points to 97% on Monday, as inflation spirals out of control in the run up to presidential elections, according to officials at the Economy Ministry and the central bank.Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Ru  ( 38 min )

The FDA’s potential approval of an over-the-counter oral contraceptive could mean a huge market for generic drugmaker Perrigo.  ( 27 min )

Top industrial CEOs are bullish on the economy, telling Yahoo Finance massive investments and reshoring efforts are among the catalysts for a recovery.  ( 40 min )

Even though most market watchers would agree that a recession is looming over the next hill, there are still stocks that ‘tick the right boxes,’ flashing buy-signs for investors. The Smart Score tool from TipRanks is perfect for sorting these choices from the pack. The Smart Score algorithm measures every stock according to a set of key metrics, 8 in all, that include a series of sentiment gauges as well as fundamental and technical factors, all of which are known to correlate with future outper  ( 44 min )

On both sides of the Atlantic, people have recently been acutely worried about how the banking system would cope with higher interest rates.  ( 40 min )

Retail sales and earnings are expected to provide investors more information on the state of the consumer after a six-month low in consumer confidence sent stocks lower on Friday.  ( 42 min )

SmartAsset compares three of the largest investment companies based on usability, trade experience, offerings and cost. Learn more here.  ( 43 min )

Many Americans don't feel financially confident. In fact, a recent study found that you'd need to earn around $128,000 to have financial confidence.  ( 39 min )

It is becoming increasingly clear that hopes of a container boost from the reopening of China are all but gone. The post Reality of ocean container volume far cry from China reopening hype appeared first on FreightWaves.  ( 43 min )

While no one is immune to financial hardships, new research from financial services firm Edward Jones suggests that perhaps those in the millennial generation are particularly vulnerable. In a survey of financial advisors, 43% of the experts polled said that … Continue reading → The post Edward Jones: Millennials Are the Most Likely to Experience Financial Hardship appeared first on SmartAsset Blog.  ( 38 min )

The longtime barometer of wood prices and building activity is being replaced with a new lumber-futures contract in an effort to boost trading.  ( 27 min )

Over 3 in 5 employers said they gave a “great deal” or “quite a bit of consideration” to job applicants age 50 and older when recruiting in 2022.  ( 41 min )

Enel Chile, Altus Power, and Genie Energy lead for value, growth, and momentum, respectively  ( 21 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

The New York State Common Retirement Fund is third-largest public pension in the U.S.  ( 23 min )

It is hardly a coincidence that the demographic which benefited most from the old system has also expressed the most anxiety about changing it.  ( 42 min )

Larry Cook, 76, wired $ 3.6 million to possible scammers abroad. The bank reported him to adult protective services, but continued wiring his money.  ( 43 min )

Fund managers have the lowest exposure to stocks relative to bonds since 2009.  ( 25 min )

The pandemic led first to a boom, and now a bust, in tax collections.  ( 27 min )

Cadbury needed to be taken over to improve its flagging business, the chief executive of its US owner has claimed.  ( 43 min )

Amazon has made major changes to its logistics operation aiming to reduce travel distance resulting in faster delivery and lower costs.  ( 39 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Kaseya CEO Fred Voccola discusses issues facing the technology sector and shares how his Miami-based company is finding success on 'The Big Money Show.'  ( 38 min )

Personeel in de zorg, het onderwijs en het openbaar bestuur ging vorig jaar het vroegst met pensioen. Wie werkte in de landbouw, visserij en dienstverlening bleef juist het langst doorwerken. Dat blijkt uit cijfers van statistiekbureau CBS.  ( 3 min )

Oliebedrijf Shell doet lang niet genoeg om zich te houden aan de uitspraak in de klimaatzaak die Milieudefensie in 2021 heeft gewonnen. Het bedrijf heeft voor het leeuwendeel van de CO2-uitstoot nog altijd geen goed reductieplan, stelt de milieuorganisatie.  ( 4 min )

Koffiedrinkers stappen door de hoge inflatie steeds vaker over op goedkopere soorten koffie. Daardoor is er meer behoefte aan de robustasoort, die doorgaans goedkoper is dan arabicakoffie. Maar boeren hebben steeds meer moeite die vraag bij te benen.  ( 4 min )

De Europese Unie krijgt nieuwe begrotingsregels. Het idee is dat Brussel minder rigide vraagt om extra bezuinigingen als landen toch al in de problemen zitten. Een hele verbetering, vinden experts, maar het is niet zonder gevaren.  ( 7 min )

Europa krijgt nieuwe begrotingsregels. Het idee is dat Brussel minder rigide vraagt om extra bezuinigingen als landen toch al in de problemen zitten. Een hele verbetering, vinden experts, maar het is niet zonder gevaren.  ( 7 min )

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News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

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(Bloomberg) -- Treasury traders will be on high alert in the coming week for signs out of Washington on whether the US will careen toward a market-upending default — or will clinch a last-gasp debt deal once again.Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoG-7 Finance  ( 40 min )

(Bloomberg) -- Companies are seizing the opportunity to sell more bonds as rates march higher and the economy slows. Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaEuropean borrowers raised the most debt in over  ( 40 min )

(Bloomberg) -- Key economic data this week may suggest China’s recovery is doing a lot better than it is in reality.Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaOfficial figures on Tuesday are expected to show  ( 42 min )

The most common employer match is 50 cents on the dollar of up to 6% of your salary. In most cases, you should contribute enough to get the maximum match.  ( 25 min )

(Bloomberg) -- The Federal Reserve is most likely halting its interest-rate hikes in June, but a strong easing cycle isn’t in the cards with inflation remaining above the central bank’s target, according to Elaine Stokes at Loomis Sayles. Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultThis New Airline Is Raising the Bar, From First Class to EconomyRemote Work Comes With Daytime Drug and Drinking HabitsFlorida’s Money Man Threatens to Cut Ties With Bank of Americ  ( 41 min )

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Crypto enjoyed a short rally after the release of the CPI on Wednesday, but a strengthening dollar pulled prices back down. fs  ( 39 min )

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The head of Revolut’s UK operations accidentally texted a disgruntled customer to say he would be waiting for him “in the garden with my shotgun”, it is claimed.  ( 39 min )

(Bloomberg) -- The debt-ceiling standoff in Congress has the US at risk of being unable to pay its bills as soon as June 1. You’d think stock-market investors would be anxious about the uncertainty — but you’d be wrong.Most Read from BloombergRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaThe Russian Nuclear Company The West Can't Live WithoutFlorida’s Money Man Thr  ( 40 min )

The US's rivals are trying to unseat the dollar. Some of the biggest names in investing think it's unlikely that they'll succeed.  ( 39 min )

A Tennessee company could be heading for a legal battle with U.S. auto safety regulators after refusing a request that millions of potentially dangerous air bag inflators be recalled. The National Highway Traffic Safety Administration is demanding that ARC Automotive Inc. of Knoxville recall 67 million inflators in the U.S. because they could explode and hurl shrapnel. At least two people have been killed in the U.S. and Canada, and seven others have been hurt as a result of defective ARC inflators, the agency said.  ( 39 min )

Though Fink has no imminent plans to retire, he along with President Robert Kapito has been training these candidates for "The Great Race" - to choose the successor - in what Fink calls is the "No. 1 priority", the report said, citing an interview with the CEO. The five contenders are Mark Wiedman, who runs the global commercial business; Chief Operating Officer Rob Goldstein; and Chief Financial Officer Martin Small along with Rachel Lord, head of the Asia Pacific business, and Salim Ramji, the head of ETFs and indexing products, the report said. Fink told the newspaper he hoped to build camaraderie among the five, and not competition, so they will keep working together.  ( 39 min )

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How much AI protection consumers have in this country at the moment depends on where they live.  ( 39 min )

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The best outcome would be for a debt-ceiling deal to be reached before the market starts ringing alarm bells, but that might not be in the cards.  ( 26 min )

Americans are not feeling good about their financial standing when it comes to preparing for retirement. Workers and retirees are nearly as worried about making their retirement money last as they were during The Great Recession, according to a new … Continue reading → The post More Workers Worry They Can't Afford to Retire appeared first on SmartAsset Blog.  ( 39 min )

What are your thoughts on Roth conversions if you are in the highest tax bracket and plan to be there moving forward? -Joel If you ask some financial professionals, the answer to this question might be a resounding no, and … Continue reading → The post Ask an Advisor: I'm in the Highest Tax Bracket and ‘Plan to Be There Moving Forward.' Should I Do a Roth Conversion? appeared first on SmartAsset Blog.  ( 40 min )

While more people are opting into online banking, it's possible that you may still need to write or deposit paper checks from time to time. Depositing paper checks to your own bank account can be as simple as handing them … Continue reading → The post Can I Deposit a Check for Someone Else? appeared first on SmartAsset Blog.  ( 41 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

The recession, inflation and COVID-19 have made a bad situation worse. Financial dependency now has aging parents living with their adult children and their adult children footing the bill for their parent's ill-planned retirement. All while also trying to raise … Continue reading → The post Enablement Could Leave you Permanently Footing the Bill for Your Entire Family appeared first on SmartAsset Blog.  ( 40 min )

According to a recent study by Genworth Financial, the median cost of nursing home care in the United States was $8,910 per month for a private room and $7,800 per month for a semi-private room in 2021. These costs are … Continue reading → The post How to Pay for Nursing Home Care With Social Security appeared first on SmartAsset Blog.  ( 40 min )

If you're buying an investment property, it may make sense to buy it using a limited liability corporation (LLC). While there are certain hurdles you'll have to clear, buying a house with an LLC can have many legal and financial … Continue reading → The post How to Buy a House With an LLC appeared first on SmartAsset Blog.  ( 41 min )

Tufan Erginbilgic has replaced senior management and is renegotiating billions of dollars in contracts. He says there is more work to be done.  ( 23 min )

Even as some key indicators stabilize for midsize lenders, their shares remain under pressure.  ( 26 min )

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(Bloomberg) -- As the US economy teeters on the brink of recession, Wall Street is already enduring what could turn out to be the most prolonged corporate profits downturn in seven years. Most Read from BloombergThis New Airline Is Raising the Bar, From First Class to EconomyYellen Says ‘We Have to Default’ on Something If Congress FailsTesla Recalls Virtually Every Car It Has Sold in ChinaFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoElon Musk Picks Linda Yaccarino  ( 41 min )

Stand-alone dental insurance often has limits of $1,000 to $2,000 worth of coverage a year, meaning patients still end up paying for most of the costs on expensive procedures.  ( 33 min )

There could be serious economic damage in the U.S. and elsewhere if the debt ceiling fight nears the default deadline.  ( 43 min )

The only person to ever hold the title of BlackRock CEO says he has no imminent plans to retire—but he is grooming several executives who could take the reins.  ( 22 min )

Two months after the failure of Silicon Valley Bank, the lender’s depositors in the Cayman Islands have been left out in the cold.  ( 26 min )

Banks will be forced to run onerous affordability checks on their own mortgage customers as the City regulator hits them with more red tape.  ( 39 min )

Austin Russell is on quite a run. The 28-year-old founder and CEO of Luminar, which develops vision-based lidar and machine perception technologies primarily for self-driving cars, told The Wall Street Journal earlier today that he is buying an 82% stake in Forbes Global Media Holdings in a deal that values the company at nearly $800 million. According to the WSJ, Russell's stake includes the remaining portion of the company owned by its namesake family, which sold 95% of the company to the Hong Kong-based investor group Integrated Whale Media back in 2014.  ( 40 min )

The dispute comes at a time when ByteDance-owned app TikTok faces growing calls for a nationwide ban from some U.S. lawmakers regarding concerns about potential Chinese government influence over it. Yintao "Roger" Yu said in a complaint filed on Friday in San Francisco state court that the Chinese tech company engaged in a "worldwide scheme to steal and profit from the content of others" without seeking permission. When Yu raised these concerns to higher management, he said they dismissed them and asked him to hide the illegal program, especially from employees in the United States, as it had stricter IP laws and class actions.  ( 38 min )

The current banking environment and pressures on earnings of some U.S. regional banks may lead to some concentration in the sector, and regulators will likely be open to such mergers, Treasury Secretary Janet Yellen said on Saturday. Yellen told Reuters she was not seeing evidence of pressure on smaller community banks, which had a large percentage of insured deposits. However, she said a certain degree of consolidation in the regional and midsize banking sector could occur.  ( 38 min )

(Bloomberg) -- A former executive at TikTok parent ByteDance Inc. who was fired in 2018 said in a lawsuit that the Chinese Communist Party had a special office within the company that gave it “supreme access” to all data, a backdoor channel that he said persisted even after US user data was walled off from individual engineers in China.Most Read from BloombergYellen Says ‘We Have to Default’ on Something If Congress FailsThis New Airline Is Raising the Bar, From First Class to EconomyFlorida’s M  ( 40 min )

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The Federal Reserve is "on track" to doing what is necessary to meet the two mandates Congress has given it, Fed Governor Philip Jefferson said on Friday: bring inflation down and enable Americans who want jobs to get them. The Fed has raised its benchmark interest rate five full percentage points over the past 14 months. Inflation by the Fed's preferred measure has eased from 7% last summer to 4.2%, and unemployment has fallen to 3.4%, the lowest since 1969.  ( 38 min )

After plunging, its shares look attractive. The company is drawing crowds with its plush, high-tech driving ranges.  ( 22 min )

A Treasury bill (T-Bill) is a short-term debt obligation issued by the U.S. Treasury and backed by the U.S. government with a maturity of less than one year.  ( 28 min )

Household income, as defined by the Census Bureau, is the total gross income of all people occupying the same housing unit who are 15 years and older.  ( 23 min )

The most common employer match is 50 cents on the dollar of up to 6% of your salary. In most cases, you should contribute enough to get the maximum match.  ( 25 min )

The French franc (F) was the national currency of France prior to France's adoption of the euro (EUR) in January 2002. It was first used in 1390. Learn more.  ( 21 min )

Big Blue is a long-standing nickname for the IBM corporation, a global technology company based in the US.  ( 20 min )

While LeBron James earned most of his money through basketball, partnerships with Nike, PepsiCo, and Walmart, as well as real estate investments, have helped jump-start his earnings  ( 20 min )

Compass shares gained 47% for the week as the company said it expanded national market share and would be free cash-flow positive starting in the second quarter  ( 16 min )

De aangekondigde spoorstaking van 50 uur die zondagavond in Duitsland zou ingaan, is afgewend. Dat komt doordat het spoorbedrijf Deutsche Bahn en de spoorvakbond EVG een akkoord hebben bereikt in het arbeidsconflict tussen de twee partijen.  ( 3 min )

Bij dalende energieprijzen is het verleidelijk om op nog goedkopere energie te wachten, maar het kan handiger zijn om nu een vast jaarcontract te sluiten. Vooral omdat consumenten vanaf 1 juni bij nieuw afgesloten contracten veel hogere opzegboetes moeten betalen als ze tussentijds van het contract af willen. Je kunt ook wachten op een meerjarencontract dat nu nog niet wordt aangeboden.  ( 7 min )

Bij dalende energieprijzen is het verleidelijk om op nog goedkopere energie te wachten, maar het kan handiger zijn om nu een vast jaarcontract te sluiten. Vooral omdat consumenten vanaf 1 juni bij nieuw afgesloten contracten veel hogere opzegboetes moeten betalen als ze tussentijds van het contract af willen. Je kunt ook wachten op een meerjarencontract dat nu nog niet wordt aangeboden.  ( 6 min )

Ongeveer de helft van alle nieuwe auto's die in Nederland worden verkocht, zijn SUV's. Gemiddeld rijden Nederlanders in steeds grotere auto's. Dat leidt tot extra gebruik van energie en grondstoffen, waardoor de klimaatdoelen lastiger haalbaar worden. Ook voor de verkeersveiligheid pakken de grotere wagens slecht uit.  ( 4 min )

Vakbonden zetten de onderhandelingen op scherp om meer aandacht te krijgen voor hun zaak: compensatie van het koopkrachtverlies van werknemers. Maar het blijft vaak bij dreigen, want er zijn de laatste tijd veel cao's afgesloten. Van een stakingsgolf is geen sprake.  ( 5 min )

A former executive fired from TikTok’s parent company ByteDance made a raft of accusations against the tech giant Friday, including that it stole content from competitors like Instagram and Snapchat, and served as a “propaganda tool” for the Chinese government by suppressing or promoting content favorable to the country’s interests. The allegations were made in a complaint Friday by Yintao Yu, the head of engineering for ByteDance’s U.S. operations from August 2017 to November 2018, as part of a wrongful termination lawsuit filed earlier this month in San Francisco Superior Court. Yu claims he was fired for disclosing “wrongful conduct” he saw at the company.  ( 38 min )

Sentiment readings sink amid high interest rates, debt-ceiling crisis, and inflation worries. Good news on jobs can’t dispel the gloom.  ( 22 min )

JPMorgan Chase & Co on Friday asked a federal judge to deny class-action status to more than 100 women who said the bank helped enable the late financier Jeffrey Epstein to sexually abuse them. In a filing in Manhattan federal court, the largest U.S. bank said Epstein's accusers had too many differences to sue under an "oversimplified" theory that it was liable to all of them by having provided Epstein with banking services. JPMorgan said allowing a class action "skips over" how Epstein's conduct "varied from victim to victim, and across time," and that the bank's knowledge at the time and provision of banking services similarly varied.  ( 39 min )

(Bloomberg) -- Austin Russell, a 28-year-old automotive technology tycoon, acquired an 82% stake in Forbes Global Media Holdings, parent of the well-known business magazine.Most Read from BloombergYellen Says ‘We Have to Default’ on Something If Congress FailsFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoThis New Airline Is Raising the Bar, From First Class to EconomyElon Musk Picks Linda Yaccarino as Next Twitter CEOTesla Recalls Virtually Every Car It Has Sold in C  ( 38 min )

The personal information of 237,000 current and former federal government employees has been exposed in a data breach at the U.S. Transportation Department (USDOT), sources briefed on the matter said on Friday. It was not clear if any of the personal information had been used for criminal purposes. USDOT said in a statement to Reuters that the breach did not affect any transportation safety systems.  ( 37 min )

If history is a guide, long-term investors should hang tight or lean into big caps, defensive plays, or tech. On the shorter, more speculative end, short-term Treasuries could see a pop in yields around June 1.  ( 22 min )

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Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla Inc and Rivian Automotive in the first quarter, and added Netflix Inc shares, filings released Friday showed. Soros purchased shares of Tesla and electric truck startup Rivian in 2022 and bought $35 million of Tesla convertible bonds in 2018.  ( 39 min )

A Delaware judge has ruled in favor of Oracle founder Larry Ellison in a shareholder lawsuit alleging that he coerced the technology company’s board into paying a grossly inflated price to acquire software company NetSuite Corp. in 2016. Vice Chancellor Samuel Glasscock III on Friday rejected the plaintiffs’ allegation that Oracle’s acquisition was not entitled to the deference traditionally shown corporate decision-makers under Delaware’s “business judgment” rule. The shareholders argued that the $9.3 billion deal should be subjected to a more rigorous “entire fairness” review because Ellison was both a controlling shareholder of Oracle at the time and owned almost 40% of shares in NetSuite, which he cofounded in 1998.  ( 39 min )

Here are seven major companies whose stocks moved on the week’s news.  ( 26 min )

The deal struck by 28-year-old Austin Russell values the business publication at close to $800 million.  ( 28 min )

(Bloomberg) -- George Soros’s investment firm cut holdings in electric-vehicle makers, slashing a stake in Rivian Automotive Inc. after a 90% share decline and eliminating an investment in Tesla Inc.Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoYellen Says ‘We Have to Default’ on Something If Congress FailsKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually  ( 39 min )

The automotive tech billionaire has agreed to acquire 82% of Forbes, which includes the remaining portion of the company owned by the Forbes family, the joint statement to Reuters said. Russell will not be involved in the day-to-day operations of the company, the statement said, adding that capital for the acquisition is independent of his stake in Luminar.  ( 39 min )

QVT Financial disclosed a large stake in rare-earths miner MP Materials. Hestia Capital won four seats on the board of shipping-services firm Pitney Bowes.  ( 22 min )

Elon Musk is taking a reduced role at Twitter after naming a CEO. Now investors are worried he might do the same at Tesla.  ( 23 min )

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Nippon Express has signed a deal with Austria’s Cargo-Partner that expands its geographic reach and logistics service capabilities. The post Nippon Express buys European logistics firm Cargo-Partner appeared first on FreightWaves.  ( 38 min )

The S&P 500 currently sits 14% below the all-time high of 4,793, which was reached at the end of 2021. However, if a Bank of America prediction is about to play out, new highs will be attained early next year. BofA’s technical research strategist, Stephen Suttmeier, points to specific bullish indicators indicating that the S&P 500 could climb to 4,900 by next March. This represents a potential uptick of 18.5% from current levels. The signals Suttmeier is referring to revolve around breadth, or t  ( 42 min )

(Bloomberg) -- America’s wheat fields have become so plagued by drought that farmers are now poised to abandon crops at the highest rate in more than a century. Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoYellen Says ‘We Have to Default’ on Something If Congress FailsKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually Every Car It Has Sold in ChinaProducer  ( 39 min )

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Carl Icahn’s publicly traded firm finds itself the subject of short seller Hindenburg Research. It's just the latest activist-vs-activist battle.  ( 22 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Big Tech stocks like Apple and Tesla are lifting the major indexes. Small-caps are suffering, but look cheap.  ( 23 min )

(Bloomberg) -- Canada’s main oil-producing region in northeastern Alberta faces an increased risk of wildfires as temperatures rise over the weekend, provincial officials said. Most Read from BloombergStock Traders Stay Calm About US Being on Cusp of DefaultRemote Work Comes With Daytime Drug and Drinking HabitsThis New Airline Is Raising the Bar, From First Class to EconomyG-7 Finance Chiefs Unite to Condemn Russia and Counter ChinaFlorida’s Money Man Threatens to Cut Ties With Bank of America,  ( 40 min )

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Airbnb Inc.‘s initial public offering (IPO) on Dec. 10, 2020, had the hotel industry bracing for impact as the online marketplace shattered records and claimed its position as one of the most valuable IPOs in history. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families The hospitality industry could only watch in awe as the sharing economy giant’s market value soared. Shares in the company opened at $144.71 on the N  ( 40 min )

The Google CEO thinks A.I. could have a massive impact on the labor market—he also thinks A.I. is the most "profound" thing that humanity is working on.  ( 40 min )

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Here’s our weekly roundup of the most-read articles at Barron’s Advisor.  ( 22 min )

"We are short units of Icahn Enterprises and have initiated a short position in IEP bonds," Hindenburg announced on Thursday.  ( 39 min )

Accounting majors in the class of 2023, the first to enter a postpandemic professional world, will find no shortage of demand for their services as the industry grapples with a scarcity of candidates. They will, however, find starting salaries to be relatively low compared with other possible professions and an evolving workplace experience.  ( 28 min )

There is a lot of hype around the potential of AI these days. Fueled by the rise of ChatGPT and the subsequent race for AI supremacy, all the Big Tech gang are looking to get a piece of the action. There’s no danger of the opportunity being overhyped, according to Rosenblatt analyst Hans Mosesmann. In fact, the 5-star analyst knows exactly which company is best positioned to benefit the most from this huge development. “We see Nvidia (NASDAQ:NVDA) driving the biggest technology inflection the wo  ( 39 min )

With Walmart leading the pack, these are the 10 biggest companies in the world as measured by 12-month trailing revenue.  ( 20 min )

Weeks ago, Icahn's arch rival Bill Ackman commented on the irony of an activist being pursued by an active campaign.  ( 41 min )

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Since consumers are already feeling gloomy about the economy, the fallout from a debt default could be even worse, according Surveys of Consumers director Joanne Hsu.  ( 41 min )

(Bloomberg) -- The US natural gas industry is pulling back on exploration at the fastest pace in seven years amid tumbling prices for the heating and power plant fuel.Most Read from BloombergElon Musk Picks Linda Yaccarino as Next Twitter CEOFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoKen Griffin’s Hand-Picked Math Prodigy Runs Market-Making EmpireTesla Recalls Virtually Every Car It Has Sold in ChinaYellen Says ‘We Have to Default’ on Something If Congress FailsRi  ( 39 min )

Insider's Phil Rosen looks into the Wall Street mogul's latest comments on the economy and looming debt default.  ( 40 min )